Check my answer

Question

Check my answer

isabelle99 · Answer

If you put $2,000 in a savings account that pays 6% interest compounded continuously, how much money will you have in your account in 4 years? Assume you make no additional deposits or withdrawals.

mrs.ambrose614 · Answer

What did u put???

isabelle99 · Answer

My answer is 2542.50 but i don't think i did it right

jhonyy9 · Answer

this 6% interest mean that for a year ?

jhonyy9 · Answer

or monthly ?

isabelle99 · Answer

I have no idea

isabelle99 · Answer

its continuously

jhonyy9 · Answer

hope may be for year 

so than you need to calculi how many is 6% of 2000$

do you can calculi it ?

isabelle99 · Answer

I found the formula $$A=Pe ^{rt}$$
so i think my answer is wrong

jhonyy9 · Answer

from this formula what letter what mean - do you know it ?

jhonyy9 · Answer

sorry i dont know this formula

isabelle99 · Answer

P=2000
r=6%
t=4years
so i think the equation would be 
$$A=2000e^{0.06(4)}$$
i jsut need help solving it because i forgot what i am suppose to do with the e

jhonyy9 · Answer

e may be the Euler number - do you know it ?

jhonyy9 · Answer

e = 2,71 is a mathematical constant

jhonyy9 · Answer

so than you dont know the value of e how you ve got this result ?

isabelle99 · Answer

i found out the answer it was correct 2542.50