SOLUTION: If you put $1,500 in a savings account that pays 4% interest compounded continuously, how much money will you have in your account in 5 years? Assume you make no additional deposit

Question 940641: If you put $1,500 in a savings account that pays 4% interest compounded continuously, how much money will you have in your account in 5 years? Assume you make no additional deposits or withdrawals.
Answer by jim_thompson5910(35256) (Show Source): You can put this solution on YOUR website!

Note: 'e' is a constant and it's roughly equal to 2.718 (it's like pi)

Use a calculator here

Round to the nearest penny

You'll have $1,832.10 in the account in 5 years.
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