SOLUTION: You deposit $500 in an account that pays 3% annual interest compounded continuosly. WHat us the balance after 2 years? uses the formula A=Pe^rt

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: You deposit $500 in an account that pays 3% annual interest compounded continuosly. WHat us the balance after 2 years? uses the formula A=Pe^rt      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 749606: You deposit $500 in an account that pays 3% annual interest compounded continuosly. WHat us the balance after 2 years? uses the formula A=Pe^rt
Answer by Alan3354(69443) About Me  (Show Source):
You can put this solution on YOUR website!
You deposit $500 in an account that pays 3% annual interest compounded continuosly. WHat us the balance after 2 years? uses the formula A=Pe^rt
-----------
A+=+500%2Ae%5E%280.03%2A2%29