document.write( "Question 1100699: This is my question: $980 was deposited at 7% interest compounded continuously. How much was there at the end of 9 years? My answer was $1842.40 and the answer book says that the correct answer was $1840. Was I simply not told to round, or was my answer incorrect? Thank you! \n" ); document.write( "
Algebra.Com's Answer #715239 by greenestamps(13200)![]() ![]() You can put this solution on YOUR website! \n" ); document.write( "For continuous compounding, the calculation is \n" ); document.write( " \n" ); document.write( "which gives an answer of $1840.06. \n" ); document.write( "If the book answer is $1840, you were apparently supposed to round to the nearest dollar. \n" ); document.write( "But I don't know what you did to get your answer.... \n" ); document.write( " |