SOLUTION: If $2000 is invested at a rate of &%compounded continuously, find the balance in the account after 5 years. Use the formula A=P(e)^rt

Question 455964: If $2000 is invested at a rate of &%compounded continuously, find the balance in the account after 5 years. Use the formula A=P(e)^rt
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!

This is just an arithmetic problem. P = 2000, r = 0.07, and t = 5. Just punch the numbers on your calculator.

John

My calculator said it, I believe it, that settles it

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