Question

You invest $700 in an account that pays an interest rate of 6.5%, compounded continuously. Calculate the balance after 20 years. Round to the nearest hundredth.

Answer 1

A= Pe^(r*t)

A = 700*e^(0.065*20)

A = ???

Answer 2

you type in exactly what you see on line 2 to evaluate

Answer 3

your calculator should have an 'e' button

e is like pi, but instead e = 2.718....