Ask Question
15 June, 03:50

Find the amount in a continuously compiunded account for the following condition. Principal, $4000; Annual interest rate, 5.1%; time, 2 years

+4
Answers (1)
  1. 15 June, 06:22
    0
    A = P*e^ (rt)

    Here,

    A = $4000*e^ (0.051*2) = $4000*e^1.02 = $4000 (2.773) = $11092.78

    Note: This seems very high to me.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Find the amount in a continuously compiunded account for the following condition. Principal, $4000; Annual interest rate, 5.1%; time, 2 ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers