SOLUTION: Suppose that $40000 is invested at 9% interest. Find the amount of money in the account at 7 years if the interest is compounded continuously.

Question 246661: Suppose that $40000 is invested at 9% interest. Find the amount of money in the account at 7 years if the interest is compounded continuously.
Answer by nerdybill(7384) (Show Source): You can put this solution on YOUR website!

Suppose that $40000 is invested at 9% interest. Find the amount of money in the account at 7 years if the interest is compounded continuously.
.
Plug into the
Continuous compound interest formula:

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