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 /:

Question

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 /:

anonymous · Answer

did you use 
$$P(t)=P_{0}e^{kt}$$

anonymous · Answer

how would I do that??

anonymous · Answer

you've never used this equation before but your homework has questions about it?

anonymous · Answer

k is the rate compounded continuously, P_0 is the initial amount, t is the time

anonymous · Answer

i got $8402.53, so you were close