Ask Question
23 October, 15:30

2. Ella invests $2,000 in an account that pays a 4% annual interest rate, compounded continuously. What is the value of her account after 5 years? Round your answer to the nearest dollar. Show your work.

+4
Answers (1)
  1. 23 October, 15:54
    0
    Answer: $2,442

    Step-by-step explanation:

    P=2000

    r = 4% = 4/100 = 0.04

    t = 5 years

    A is therefore 2000e0.04 (5)

    =2000e0.2

    =$2,442.8

    To the nearest dollar will give $2,442
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “2. Ella invests $2,000 in an account that pays a 4% annual interest rate, compounded continuously. What is the value of her account after 5 ...” 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