SOLUTION: Could you please solve this word problem about continous compounding. You invest $1,500 in an account that has an annual intrest rate o 3.4%, compounded continously. How much mo

Algebra ->  Logarithm Solvers, Trainers and Word Problems -> SOLUTION: Could you please solve this word problem about continous compounding. You invest $1,500 in an account that has an annual intrest rate o 3.4%, compounded continously. How much mo      Log On


   

Question 252991: Could you please solve this word problem about continous compounding.
You invest $1,500 in an account that has an annual intrest rate o 3.4%, compounded continously. How much money will be in the account after 6 years?
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
A=Pe^rt
A=1500*2.7183^.034*6
A=1500*2.7183^.204
A=1500*1.22627
A=$1839.40