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You deposit $3000 in an account that pays 5% annual interest compounded continuously. What is the balance after 2 years?
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Y=3×2 with exponent ×-3
Y=(3\4)exponent ×
Y=(3\4)exponent ×
you are absolutely right, but then why did you use 3/4?
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so what is going to be the principal in this case?
P = 3000 r = 5% t = 2 Therefore ... \[A = 3000e^{0.05\times2} \]
Solve for a
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