Question

Find the amount in a continuously compounded account for the given conditions. principal: $2000 annual interest 5.1% time: 3 yr principal: $2000 annual interest 5.1% time: 3 yr ​

Answer 1

Step-by-step explanation:

given: p=$2000,

r=5.1%

t=3yrs

A=p(1+r%)^t =2000(+0.051)^3

=2000×1.1046

=2×1104.6

= 2209.2