SOLUTION: Hannah places $ 7500 into an account earning 5.75% interest compounded continuously, how much will she have after 10 years? Final amount =

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Question 1198879: Hannah places $ 7500 into an account earning 5.75% interest compounded continuously, how much will she have after 10 years?
Final amount =
Answer by ikleyn(52786) About Me  (Show Source):
You can put this solution on YOUR website!
.

    7500%2Ae%5E%280.0575%2A10%29 = 7500%2A2.71828%5E0.575  dollars.


Use your calculator.

To see many other similar  (and different)  solved problems on continuously compounded accounts,  look into the lesson
    - Problems on continuously compound accounts
in this site.

After reading this lesson,  you will tackle such problems on your own without asking for help from outside.