SOLUTION: ho much money does Dana Jones have after 3 years if she invests $50000 at 6% interest compound continuously use the formula A= P e^rt

Question 831653: ho much money does Dana Jones have after 3 years if she invests $50000 at 6% interest compound continuously use the formula A= P e^rt

Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
ho much money does Dana Jones have after 3 years if she invests $50000 at 6% interest compound continuously use the formula A= P e^rt
--------
A(t) = P*e^(rt)
A(3) = 50000*e^(0.06*3) = 50000*1.1972 = $59860
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Cheers,
Stan H.
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