Homework Help: math

Posted by jude on Thursday, March 7, 2013 at 6:30pm.

suppose you won a contest at the start of 5th grade that deposited $3000 in an account that pays 5% annual interest compounded continuously. how much will you have in the account when you enter high school 4 years later? round to nearest dollar how much will be in the account when you graduate from high school?

math - Dr. Jane, Thursday, March 7, 2013 at 6:58pm
compounded continuously you have to use e^rt

Pe^rt

3000(e)^[(.05)(4)]
math - Surender, Friday, March 8, 2013 at 9:16pm
45

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