SOLUTION: Amanda invests $8200 in a new savings account which earns 5.1% annual interest, compounded continuously. What will be the value of her investment after 7 years? Round to the near

Algebra ->  Logarithm Solvers, Trainers and Word Problems -> SOLUTION: Amanda invests $8200 in a new savings account which earns 5.1% annual interest, compounded continuously. What will be the value of her investment after 7 years? Round to the near      Log On


   

Question 1140495: Amanda invests $8200 in a new savings account which earns 5.1% annual interest, compounded continuously. What will be the value of her investment after 7 years? Round to the nearest cent.
Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
This would be 8200*e^0.051*7 or 8200*e^0.357
=$11718.09