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Mathematics 12 Online
OpenStudy (anonymous):

Can anyone figure out where I messed up. The problem is : Aidan has $7565 in his checking account. He invests it in an account that earns 3.5% interest compounded continuously. What is the total amount of his investment after 3 years? Round your answer to the nearest hundredth. Enter your answer as the example: $1234.56 and I got $ 8402.48 but it says im wrong /:

OpenStudy (anonymous):

\[7565\times e^{.035\times 3}\]

OpenStudy (anonymous):

that is the total. interest alone is that minus the original deposit

OpenStudy (anonymous):

so how would i find out the answer, im confused /:

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