Question

Vin invested $6800 in an account with continuously compounded interest with a 7.3% interest rate. After 6 years, how much money is in the account?

Answer 1

29784

Explanation:

since its compound interest u time it all and u move the decimal over to the left 2 times

Answer 2

A≈10537, rounded to the nearest dollar.

Explanation:

A=6800e^0.073⋅6

A=6800e^0.438

A=6800(1.549...)

A=10537.31

After 6 years, the amount in the account is A≈10537, rounded to the nearest dollar.