Homework Help: Algebra

Posted by John on Friday, February 8, 2013 at 8:00am.

suppose you invest $1100 at an annual interest rate of 4.3% compounded continuously. How much will you have in the account after 15 years?

Algebra - Damon, Friday, February 8, 2013 at 8:04am
balance = investment * e^rt

= 1100 e^(.043 * 15)

= 1100 * 1.9059

= $ 2096.59

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