document.write( "Question 1027732: jack deposited $2,000 at 2.75% interest, compounded continuously when he was 18 years old. How much will be in the account when he is 40 years old if he made no other deposits or withdrawals? \n" ); document.write( "
Algebra.Com's Answer #643230 by fractalier(6550)![]() ![]() You can put this solution on YOUR website! Continuous compound interest is found by \n" ); document.write( "A = Pe^rt so that \n" ); document.write( "A = (2000)e^(.0275 * 22) \n" ); document.write( "A = $3662.50 \n" ); document.write( " |