You invest $4,300 in an account that pays an interest rate of 8.5%, compounded continuously. Calculate the balance of your account in 10 years. Round your answer to the nearest hundredth.

Question

anonymous · Answer

Pe^(rt)

4300*e^[(1.085)(10)]

anonymous · Answer

whats e ?

anonymous · Answer

A constant. It's on pretty much every graphical calculator.
Google it if necessary.

anonymous · Answer

i don't have a graphical calculator. & i can't find a good one online to use either.

anonymous · Answer

http://www.google.com/#sclient=psy&hl=en&safe=off&site=&source=hp&q=what+is+e&aq=f&aqi=g1g-z1g3h1&aql=&oq=&pbx=1&bav=on.2,or.r_gc.r_pw.&fp=56f4866b51aaf71c I said google it haha. It's at the very top of the page.