Question

A continuously compounded account starts with $1500 in principal. The annual interest rate is 9.1%. What is the balance after 30 years?

Answer 1

$11,083.58
$20,456.62
$22,999.33
$25,190.45

Answer 2

Amount = 1500( 1 + 0.091)^30

Answer 3

(Note 0.091 = 9.1%)

Answer 4

just grab your calculator and work it out.

Answer 5

i did but im not getting the right answer

Answer 6

is it d or b ?

Answer 7

i cant give you the answer
just enter the values into ur calculator using multiply add and the parentheses - enter form left to right then press exe

Answer 8

well can you atleast tell me if im right i dont have the right calculotor so im hand writing it it and i thinks its d

Answer 9

you figured it out

Answer 10

so it is d ? @MrMoney403

Answer 11

thats wat i got