Question

Find the amount in a continuously compounded account for the given conditions.
A=Pe^rt
Principal: $950
Account interest rate: 3.5%
Time: 10 years

Answer 1

\[\huge A=950e^{(0.035*10)}\]

Answer 2

$140 of interest

Answer 3

hmmm ok....
seems that's a fait accompli

Answer 4

Find the amount in a continuously compounded account for the given conditions.

Answer 5

\[\huge A=950e^{(0.35)}\]

Answer 6

Is my equation right?

Answer 7

Yes! :)

Answer 8

Good job! ;) Could you possibly award me a medal? :)))

Answer 9

I got 1,348.11 as my answer.

Answer 10

Check your work! :)

Answer 11

I did e^0.35 first and got
1.419067548593
Multiply by 950 and I got
1348.1141711636
Round and I got 1,348.11