SOLUTION: Could you please solve this word problem about continous compounding. You invest $1,500 in an account that has an annual intrest rate o 3.4%, compounded continously. How much mo

SOLUTION: Could you please solve this word problem about continous compounding. You invest $1,500 in an account that has an annual intrest rate o 3.4%, compounded continously. How much mo

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Question 252991: Could you please solve this word problem about continous compounding.
You invest $1,500 in an account that has an annual intrest rate o 3.4%, compounded continously. How much money will be in the account after 6 years?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
A=Pe^rt
A=1500*2.7183^.034*6
A=1500*2.7183^.204
A=1500*1.22627
A=$1839.40
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