Ask Question
26 May, 22:28

Mika placed $4200 in a savings account which compounds interest continuously at a rate of 2.3%. How much will she have in the account after 3 years? Round to the nearest dollar.

+5
Answers (1)
  1. 27 May, 01:11
    0
    Mika placed $4200 in a savings account which compounds interest continuously at a rate of 2.3%.

    How much will she have in the account after 3 years?

    1st year 4200 x 1.023 = 4296.60

    2nd year 4296.60 x 1.023 = 4395.4218

    3rd year 4395.4218 x 1.023 = 4496.5165

    Round to the nearest dollar.

    $4497
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Mika placed $4200 in a savings account which compounds interest continuously at a rate of 2.3%. How much will she have in the account after ...” 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