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OpenStudy (anonymous):
Suppose you invest $500 at an annual interest rate of 8.2% compounded continuously. How much will you have in the account after 15 years?
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OpenStudy (anonymous):
@Schrodingers_Cat can you help me again?
OpenStudy (nurali):
A = 500 e^(0.082t) After 15 years: A = 500 e^(0.082 * 15) = 500 e^1.23 = $1,710.61
OpenStudy (anonymous):
omg thank you!!
OpenStudy (nurali):
My Pleasure.
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