Hiiii guys :) I need help again with my math. Okay here's the question: Suppose you invest $2000 at an annual interest rate of 5.1% compounded continuously. How much will you have in the account after 3 years? Round the solution to the nearest dollar. I know how to start the equation but I always get the answer wrong no matter what. D: The formula is Pe^rt.

Question

Hiiii guys :) I need help again with my math. Okay here's the question: Suppose you invest $2000 at an annual interest rate of 5.1% compounded continuously. How much will you have in the account after 3 years? Round the solution to the nearest dollar. I know how to start the equation but I always get the answer wrong no matter what. D:  The formula is Pe^rt.

jim_thompson5910 · Answer

Can you post what you've got so far?

anonymous · Answer

P=2000
r=0.051
t=3
A=Pe^rt
A=2000*e^0.051*3
=2330
But apparently this is incorrect so. :(

jim_thompson5910 · Answer

what did you get before you rounded?

anonymous · Answer

Oh right the rounding up. I got so frustrated with the problem I forgot about it. When I put it in the calculator it is 2330.649958. So since you round it up it would be 2331?

jim_thompson5910 · Answer

correct, the answer is 2331

anonymous · Answer

WOOT! Thanks for your help! :D -hugs-

jim_thompson5910 · Answer

you're welcome