Martha invests $7700 in a new savings account which earns 5.2% annual interest, compounded continuously. What will be the value of her investment after 4 years? Round to the nea…

Question

asked Nov 27, 2023 117k views

1 Answer

Cristofor · Answer 1 · 2023-12-01T05:16:44+0000

Answer:

Use Exponential Continuous Growth formula: Pe^rt

Explanation:

Pe^rt

7000e^0.52(4) <- In calculator

Should get about $7736.2