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Mathematics 9 Online
OpenStudy (anonymous):

FlybynightSavings.com is offering a savings account that pays 28% compounded continuously. How much interest would a deposit of $3,000 earn over 5 years? (Round your answer to the nearest cent.)

OpenStudy (anonymous):

TEAM LIN FTW! sorry i like you display picture! heheh

OpenStudy (anonymous):

do i do 3000(.28)^5?

OpenStudy (mertsj):

A=Pe^(rt)

OpenStudy (mertsj):

A=3000e^.28(5)=163794.45

OpenStudy (mertsj):

It's e raised to the .28(65)

OpenStudy (mertsj):

|dw:1329519107539:dw|

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