Tuesday

July 22, 2014

July 22, 2014

Posted by **Lydia** on Sunday, April 22, 2007 at 9:02pm.

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

= 2500* e

= 2500 * e

wow.

thanks

**Related Questions**

math - The amount of money in an account with continuously compounded interest ...

algebra - A continuously compounded account starts with $1500 in principal. The...

math - Suppose you invest $2500 at an annual interest rate of 3% compounded ...

simple intrest - My daughter brought home a work sheet and I have no clue where ...

maths-- compound interest - find the compund interest on $2500 for one year at 4...

Derivatives - What is the fourth derivative of f(x)= e^-x^2. I got f''(x)=-2e^-x...

math - Rob has a balance of 1695$ in his bank account The account pays 2.9% ...

algebra 2 - What will be the amount in an account with initial principal $6000 ...

algebra II - What will be the amount in an account with initial principal $6000 ...

Math Help Please!!!! - find the balance after 15 years of a $2500 investment ...