# math

posted by
**Lydia** on
.

Please help:

A continuously compounded account starts with $2500 in principal. The annual interest rate is 11.3%. What is the balance after 15 years?

pert:

Value= Principal*e^{rt}

= 2500* e^{0.11(15)}

= 2500 * e^{1.65}

wow.

thanks