SOLUTION: 5000e^(.069)(20) I know the answer is 19,874.51, I just don't know how to get the answer. can you explain to me it to me?

Algebra ->  Exponential-and-logarithmic-functions -> SOLUTION: 5000e^(.069)(20) I know the answer is 19,874.51, I just don't know how to get the answer. can you explain to me it to me?      Log On


   

Question 276391: 5000e^(.069)(20)
I know the answer is 19,874.51, I just don't know how to get the answer. can you explain to me it to me?
Answer by Alan3354(69443) About Me  (Show Source):
You can put this solution on YOUR website!
5000e^(.069)(20)
I know the answer is 19,874.51, I just don't know how to get the answer. can you explain to me it to me?
-----------------
.069*20 = 1.38
= 500e^1.38
= 5000*3.9749 (via calculator)
19874.51