kingkylee2004 kingkylee2004

15-03-2021
Mathematics

contestada

if 3000$ is invested at a rate of 12% compounded continuously, find the balance in the account after 5 years. Use the formula A=Pe^rt

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madethisfortwitch1 madethisfortwitch1

15-03-2021

Answer:

$5466.36

Step-by-step explanation:

This question is pretty cut and dry

just plug in the numbers

[tex]3000e^{5*.12}\\3000e^{.6}\\5466.356401\\5466.36[/tex]

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