Question

someone pleaseeee help, .....jennifer invested $4,000 in her savings account for 4 years. when she withdrew it, she had 4,731.75. interest is compounded continuously. what was the interest rate on the account?

Answer 1

A = Pe^rt

A/P = e^rt

ln(A/P) = rt

ln(A/P)
------ = r
t

Answer 2

im not understanding where to plug inthe numbers

Answer 3

when we take a principal amount, and compound it ... it grows bigger; that should help you define A and P

Answer 4

t is just the number of years

Answer 5

i got 4.2% is that what you got?

Answer 6

yep

Answer 7

thank u soo much