Question

If you put $1,000 in a savings account that pays 5% interest compounded continuously, how much money will you have in your account in 10 years? Assume you make no additional deposits or withdrawals.

Answer 1

A= Pe^(rt)
= 1000e^(.05*10)

Answer 2

ok

Answer 3

so 1648.72??

Answer 4

is that right??

Answer 5

yeah... couldnt find e on my calc

Answer 6

ok thank you