Question

.If an investment of $2,200 is made in an account that earns 2.6% interest
compounded continuously, how much money will be in the account after 12
years?

Answer 1

A = P(1 + rt)
•A = Total Accrued Amount (principal + interest)
•P = Principal Amount
•I = Interest Amount
•r = Rate of Interest per year in decimal; r = R/100
•t = Time Period involved in months or years
A = 2200(1 + (0.026 × 12)) = 2886.4
A = $ 2,886.40

Answer 2

If you don't understand that, you could always use an interest calculator online to solve it.