Question

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​

Answer 1

$5466.36

Explanation:

This question is pretty cut and dry

just plug in the numbers

`3000e^(5*.12)\\3000e^(.6)\\5466.356401\\5466.36`