SOLUTION: if $2000 is invested at a rate of 5% compound continuously, approximate the balance in the account after 20 years. Use the formula A=Pe^ rt

SOLUTION: if $2000 is invested at a rate of 5% compound continuously, approximate the balance in the account after 20 years. Use the formula A=Pe^ rt

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Question 462569: if $2000 is invested at a rate of 5% compound continuously, approximate the balance in the account after 20 years. Use the formula A=Pe^ rt
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
A=2000(2.7183)^0.05*20
A=2000(2.7183)^1
A=2000*2.7183
A=$5436.60
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