SOLUTION: If Corliss invested $100 at an annual rate of 8% compounded continuously, what amount to the nearest cent will be in her account after 2 years?

SOLUTION: If Corliss invested $100 at an annual rate of 8% compounded continuously, what amount to the nearest cent will be in her account after 2 years?

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Question 89423: If Corliss invested $100 at an annual rate of 8% compounded continuously, what amount to the nearest cent will be in her account after 2 years?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
If Corliss invested $100 at an annual rate of 8% compounded continuously, what amount to the nearest cent will be in her account after 2 years?
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A = Pe^(rt)
A = 100e^(0.08*2)
A = $117.35
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Cheers,
Stan H.
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