Question

You invest $3,200 in an account that pays an intrest rate of 8.5%, compound continuosly. Calculate the balance of your account after 6 years. Round to the nearest hundredth.
A=Pe^(rt)
P- money invested
r- intrest % as decimal
t- time, in years
A- total amount in account at time t.

please help me

Answer 1

Welcome to OPEN STUDY @bmac47

Answer 2

A=Pe^(rt)

Answer 3

is it okay

Answer 4

\[\large A=$3,200e^{\frac{8.5}{100}*6}=$5,328.93\]