SOLUTION: I need help with this question. t =9 P = $3000 r = 6% t = 9 Calculate A with continous compounding. Round to the hundredth's place

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Question 138615: I need help with this question.
t =9
P = $3000
r = 6%
t = 9
Calculate A with continous compounding. Round to the hundredth's place
Answer by vleith(2983) About Me  (Show Source):
You can put this solution on YOUR website!
Given: A=Pe%5E%28rt%29 where P = 3000, r =0.06 and t=9
Substitute the given value into the given equation
A=Pe%5E%28rt%29
A=3000+%2A+e%5E%280.06+%2A+9%29
A=3000+%2A+e%5E%280.54%29
Now whip out your trusty calculator to find e%5E%280.54%29 = 1.716
A=3000+%2A+1.716
A+=+5148
Start saving like that for your college education now