document.write( "Question 972613: You invest $3,200 in an account that pays an interest rate of 7.25%, compounded continously.
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document.write( "Calculate the balance of your account after 12 years. Round your answer to the nearest hundredth. \n" );
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Algebra.Com's Answer #594899 by Boreal(15235)![]() ![]() You can put this solution on YOUR website! A=Pe^rt , r is rate, t is time in years \n" ); document.write( "A=3200*e^(.0725*12)=3200*e ^0.87\r \n" ); document.write( "\n" ); document.write( "A= $7638.11 \n" ); document.write( " |