SOLUTION: If $4500 is invested at an interest rate of 11%, compounded continuously, determine the balance in the account after 3 years. Use the formula A=Pe^rt

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Question 881387: If $4500 is invested at an interest rate of 11%, compounded continuously, determine the balance in the account after 3 years. Use the formula A=Pe^rt
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
A=4500*2.7183^(0.11*3)
A=4500*1.391
A=$6,259.00