document.write( "Question 439751: you deposit $725 in an account that pays 4.5% annual interest compounded continuously. what is the balance after 3 years? \n" ); document.write( "
Algebra.Com's Answer #303919 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! you deposit $725 in an account that pays 4.5% annual interest compounded continuously. what is the balance after 3 years? \n" ); document.write( "--------------------- \n" ); document.write( "A(t) = P*e^(rt) \n" ); document.write( "--- \n" ); document.write( "A(3) = 725*e^(0.045*3) \n" ); document.write( "--- \n" ); document.write( "A(3) = 725*1.1445 \n" ); document.write( "-- \n" ); document.write( "A(3) = $829.79 \n" ); document.write( "===================== \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( "========== \n" ); document.write( " |