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Emma receives $7750 and invests it in an account that earns 4% interest compounded continuously. What is the total amount of her investment after 5 years?
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What does compounded continuously mean? Do you have an equation in your notes?
Never mind I found it.
A = P e^(rt) What seems to be the problem ? Looks pretty straightforward, you know P, use r as a decimal and t is given in years. You will have to use a calculator, either handheld or on-line to solve the equation. If you just want an answer, somebody else will have help you. I require you to do the work and will help you with any difficulties.
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