SOLUTION: You invest $1,100 in an account that has an annual interest rate of 2.1%, compounded continuously. How much money will be in the account after 7 years? Round your answer to the nea

Algebra ->  Logarithm Solvers, Trainers and Word Problems -> SOLUTION: You invest $1,100 in an account that has an annual interest rate of 2.1%, compounded continuously. How much money will be in the account after 7 years? Round your answer to the nea      Log On


   

Question 316944: You invest $1,100 in an account that has an annual interest rate of 2.1%, compounded continuously. How much money will be in the account after 7 years? Round your answer to the nearest whole number.
Answer by checkley77(12844) About Me  (Show Source):
You can put this solution on YOUR website!
1,000e^(rt)
1,000*2.7182^.021*7
1,000*1.158=$1,158 ans.