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OpenStudy (anonymous):
If you were to place $5,000 in a savings account that pays 6% interest compounded continuously, how much money will you have after 4 years? Assume you make no other deposits or withdrawals. A. $6,356.25 B. $11,821.07 C. $5,024 D. $6,312.38
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OpenStudy (anonymous):
What is the equation you get? I forgot the equation off the top of my head but its something like Balance = Pe^rt
OpenStudy (anonymous):
where its principal+e^(rate*time)
OpenStudy (anonymous):
6312.38 is the answer
OpenStudy (anonymous):
3.356.25 is the answer
OpenStudy (anonymous):
6,356.25 is the answer.
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