SOLUTION: $800 is deposited in an account with a 9% interest rate, compounded continuously. what is the balance after 12 years

Algebra ->  Exponential-and-logarithmic-functions -> SOLUTION: $800 is deposited in an account with a 9% interest rate, compounded continuously. what is the balance after 12 years       Log On


   

Question 1201264: $800 is deposited in an account with a 9% interest rate, compounded continuously. what is the balance after 12 years
Answer by ikleyn(52802) About Me  (Show Source):
You can put this solution on YOUR website!
.

800%2Ae%5E%280.09%2A12%29 = 800%2A2.71828%5E1.08  dollars.


Use your calculator.

Solved.