SOLUTION: Suppose you invest $ 1700 at an annual interest rate of 7.5% compounded continuously. How much will you have in the account after 2.5 years.
I have this so far.
A=pe^rt
A=
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I have this so far.
A=pe^rt
A=
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Question 614353: Suppose you invest $ 1700 at an annual interest rate of 7.5% compounded continuously. How much will you have in the account after 2.5 years.
I have this so far.
A=pe^rt
A=1700e^(7.5 x 2.5) Answer by nerdybill(7384) (Show Source):
You can put this solution on YOUR website! Suppose you invest $ 1700 at an annual interest rate of 7.5% compounded continuously. How much will you have in the account after 2.5 years.
I have this so far.
A=pe^rt
A=1700e^(7.5 x 2.5)
.
First, a 7.5% is represented as .075
So, your equation should be:
A=1700e^(.075 x 2.5)
A=1700e^(0.1875)
A=1700(1.20623)
A=$2050.59
