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You invest 1,200 in an account that pays an interest rate of 7.25% compounded continuously. Calculate the balance of your account after 7 years. Round your answer to your neares…

You invest 1,200 in an account that pays an interest rate of 7.25% compounded continuously. Calculate the balance of your account after 7 years. Round your answer to your neares…
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You invest 1,200 in an account that pays an interest rate of 7.25% compounded continuously. Calculate the balance of your account after 7 years. Round your answer to your nearest hundredth.

Formula:
A=Pe^rt

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User Sergtk
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1 Answer

3 votes


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answered
User Bui Quang Huy
by
8.4k points
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