SOLUTION: Tyra invests $5300 in a new savings account which earns 4.5% annual interest, compounded continuously. What will be the value of her investment after 5 years? Round to the neares

Algebra ->  Polynomials-and-rational-expressions -> SOLUTION: Tyra invests $5300 in a new savings account which earns 4.5% annual interest, compounded continuously. What will be the value of her investment after 5 years? Round to the neares      Log On


   

Question 1140463: Tyra invests $5300 in a new savings account which earns 4.5% annual interest, compounded continuously. What will be the value of her investment after 5 years? Round to the nearest cent.
Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
this is P=Poe^rt
P=5300*e^.045*5 OR 5300e^0.25
=$6637.31