SOLUTION: Find the accumulated amount after 9 yr if $3900 is invested at 3%/year compounded continuously.

SOLUTION: Find the accumulated amount after 9 yr if $3900 is invested at 3%/year compounded continuously.

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Question 668311: Find the accumulated amount after 9 yr if $3900 is invested at 3%/year compounded continuously.
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
A=Pe^rt
A=3900*(2.7183)^0.03*9
A=3900*(2.7183)^1.06814
A=3900*$11,348.93
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