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OpenStudy (anonymous):
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.
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OpenStudy (anonymous):
A= Pe^(rt) = 1000e^(.05*10)
OpenStudy (anonymous):
ok
OpenStudy (anonymous):
so 1648.72??
OpenStudy (anonymous):
is that right??
OpenStudy (anonymous):
yeah... couldnt find e on my calc
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OpenStudy (anonymous):
ok thank you
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