Question

You invest $3,000 in an account with an interest rate of 5.5% compounded continuously. How much money would be in the account after 5 years? Round your answer to the nearest whole number.Answer

$3,999

$3,950

$3,634

$3,501

Answer 1

@matricked

Answer 2

@matricked right here

Answer 3

@chemENGINEER

Answer 4

@jennychan12

Answer 5

@christopherklug999 @Brittni0605

Answer 6

ugh. word problems.
general formula
\[Pe^{rt}\]
P = principal amount
e = the e button on your calculator
r = the rate
t = time

Answer 7

I'm getting option C. check?

Answer 8

@jennychan12

Answer 9

how did you get that?
cuz i got 6582,65

Answer 10

oh my bad.

Answer 11

Yeah but not sure...

Answer 12

i got 3945.59 close to option b

Answer 13

\[3000e^{0.055*5}\]
= 3949.59

Answer 14

sorry i gotta go again be back in a few

Answer 15

So b right okay I'll wait.