SOLUTION: Mary has $3,500 in a savings account earning 412% annual interest that is compounded continuously. How much will be in the account at the end of 3 years?

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Question 1074641: Mary has $3,500 in a savings account earning 412% annual interest that is compounded continuously. How much will be in the account at the end of 3 years?
Answer by Fombitz(32388) About Me  (Show Source):
You can put this solution on YOUR website!
Do you mean 4.12% interest?
That's my assumption.
F=Pe%5E%28rt%29
F=3500e%5E%280.0412%283%29%29
F=3500%281.131563%29
F=3960.47