SOLUTION: How much money would be in an account if $ 3,000 is deposited at 4% interest compounded continuously and the money is left for 10 years.

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Question 736491: How much money would be in an account if $ 3,000 is deposited at 4% interest compounded continuously and the money is left for 10 years.
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
How much money would be in an account if $3,000 is deposited at 4% interest compounded continuously and the money is left for 10 years.
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A(t) = P*e^(rt)
A(10) = 3000*e^(0.04*10)
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A(10) = 3000*e^0.4 = $4475.47
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Cheers,
Stan H.