SOLUTION: My question states: You deposit $2700 into an account that pays 3% annual interest,compounded continuously. How much will you have after 4 years?
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Question 288273: My question states: You deposit $2700 into an account that pays 3% annual interest,compounded continuously. How much will you have after 4 years? Answer by bcampbell23669(14) (Show Source):
You can put this solution on YOUR website! This one can be answered using the equation A=Pe^rt. $2700(e)^(.03X4)=$3044.24
P amount invested
r= interest
t is # of years
e= that letter in your calculator (make sure you use that e to the 2nd power button on the calculator when doing the work on the calculator.
Answer = $3044.24
Hope this helps! good luck!
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