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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.)
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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)
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OpenStudy (mertsj):
|dw:1329519107539:dw|
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