An initial amount of $3500 is invested in an account at an interest rate of 4% per year, compounded continuously. Assuming that no
withdrawals are made, find the amount in the account after six years.
Do not round any intermediate computations, and round your answer to the nearest cent.

Question

08-06-2024
Mathematics

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An initial amount of $3500 is invested in an account at an interest rate of 4% per year, compounded continuously. Assuming that no
withdrawals are made, find the amount in the account after six years.
Do not round any intermediate computations, and round your answer to the nearest cent.

Sagot :

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