SOLUTION: ho much money does Dana Jones have after 3 years if she invests $50000 at 6% interest compound continuously use the formula A= P e^rt

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: ho much money does Dana Jones have after 3 years if she invests $50000 at 6% interest compound continuously use the formula A= P e^rt       Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 831653: ho much money does Dana Jones have after 3 years if she invests $50000 at 6% interest compound continuously use the formula A= P e^rt
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
ho much money does Dana Jones have after 3 years if she invests $50000 at 6% interest compound continuously use the formula A= P e^rt
--------
A(t) = P*e^(rt)
A(3) = 50000*e^(0.06*3) = 50000*1.1972 = $59860
==============
Cheers,
Stan H.
=============