Question 1185021
.
 If you deposited $2000, withdrew no money, and earned 3% continuously compounded interest for 10 years, 
how much money would you have in the account? You made no other deposits.
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<pre>
    Future value = {{{2000*e^(0.03*t)}}} = {{{2000*2.71828^(0.03*10)}}} = 2699.72  dollars.    <U>ANSWER</U>
</pre>

Solved.


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To see many other similar solved problems on continuously compounded accounts, &nbsp;see the lesson

&nbsp;&nbsp;&nbsp;&nbsp;- <A HREF=https://www.algebra.com/algebra/homework/logarithm/Problems-on-continuously-compound-accounts.lesson>Problems on continuously compounded accounts</A> 

in this site.


After reading this lesson, &nbsp;you will tackle such problems on your own without asking for help from outside.



Also, &nbsp;you have this free of charge online textbook in ALGEBRA-I in this site

&nbsp;&nbsp;&nbsp;&nbsp;- <A HREF=https://www.algebra.com/algebra/homework/quadratic/lessons/ALGEBRA-I-YOUR-ONLINE-TEXTBOOK.lesson>ALGEBRA-I - YOUR ONLINE TEXTBOOK</A>.


The referred lesson is the part of this online textbook under the topic "<U>Logarithms</U>".



Save the link to this online textbook together with its description


Free of charge online textbook in ALGEBRA-I
https://www.algebra.com/algebra/homework/quadratic/lessons/ALGEBRA-I-YOUR-ONLINE-TEXTBOOK.lesson


to your archive and use it when it is needed.