document.write( "Question 451143: $1100 is invested in an account at an interest rate of 5% per year, compounded continuously. Find the amount in the account after five years. Round your answer to the nearest cent.
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Algebra.Com's Answer #310244 by ewatrrr(24785) $\"\"$ $\"About$

You can put this solution on YOUR website!

 
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document.write( "Hi,
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document.write( " $1100 is invested in an account at an interest rate of 5% per year, 
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document.write( "compounded continuously.   A = Pe^(i*n)   
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document.write( "amount in the account after five years:
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document.write( "  A = $1100e^(.05*5) = $1412.43 \n" );
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