SOLUTION: if $8000 is invested at a rate of 5% compounded continuously,how would you find the balance in the account after 7 years bt using the formula A=Pe^rt.

Question 89699: if $8000 is invested at a rate of 5% compounded continuously,how would you find the balance in the account after 7 years bt using the formula A=Pe^rt.
Found 2 solutions by funmath, stephenpsp:
Answer by funmath(2933) (Show Source): You can put this solution on YOUR website!
if $8000 is invested at a rate of 5% compounded continuously,how would you find the balance in the account after 7 years bt using the formula A=Pe^rt.
P=8000
r=5/100=.05
t=7

Put it in the calculator and you get....

Happy Calculating!!!!
Answer by stephenpsp(1) (Show Source): You can put this solution on YOUR website!
if $8000 is invested at a rate of 5% compounded continuously,how would you find the balance in the account after 7 years bt using the formula A=Pe^rt.
P=8000
r=5/100=.05
t=7
A=8000e^((.05)(7))
A=8000e^(.35)
Put it in the calculator and you get....
highlight(A=11352.54)
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