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OpenStudy (anonymous):
I've been trying to solve this problem, came up with the same answers, yet my answer has been incorrect. Help anyone? FlybynightSavings.com is offering a savings account that pays 29% compounded continuously. How much interest would a deposit of $2,000 earn over 15 years? (Round your answer to the nearest cent.)
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OpenStudy (anonymous):
A=Pe^rt A=2000e^(.29*15)
hero (hero):
Oh, it looks right
OpenStudy (anonymous):
Thats my answer but it says its incorrect on webassign. $154956.93
hero (hero):
154956.93 is correct
hero (hero):
webassign is wrong
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OpenStudy (anonymous):
thank you
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