Homework Help: algebra

Posted by ketta on Monday, November 21, 2011 at 10:57am.

Jennifer invested $2,500 in an account earning 3.5% interest compounded continuosly. How much money will she have in the account after 15 years?

algebra - Henry, Wednesday, November 23, 2011 at 3:44pm
Pt = Po*e^rt.

rt = (3.5%/100%) * 15 = 0.525,

Pt = $2500*e^0.525 = $4226.15.

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