SOLUTION: You invest $2,000 in an account that is compounded continuously at an interest rate of 5%. You never withdraw money from the account. Which equation below gives the amount of money
Algebra ->
Radicals
-> SOLUTION: You invest $2,000 in an account that is compounded continuously at an interest rate of 5%. You never withdraw money from the account. Which equation below gives the amount of money
Log On
Question 1068029: You invest $2,000 in an account that is compounded continuously at an interest rate of 5%. You never withdraw money from the account. Which equation below gives the amount of money you will have in the account after t years?
A.) A(t) = 2,000e^5t
B.) A(t) = 2,000e^0.05t
C.) A(t) = 2,000(1.5)^t
D.) A(t) = 2,000(1.05)^t Answer by ikleyn(52776) (Show Source):
