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.

Question

anonymous · Answer

$$A = Pe^{rt}$$where:
P = Principal
e = Natural Number (2.718...)
r = Rate in Decimal Form
t = Number of Years

anonymous · Answer

$8,402.48?

anonymous · Answer

I got 8402.53, but that may have to do with he fact that e is an infinite number.

anonymous · Answer

You're right. I think I was off by alittle.