algebra
posted by George .
A continuously compounded account starts with $1500 in principal. The annual interest rate is 9.1%. What is the balance after 30 years?
Help please. Thanks
amount= 1500*e^.091*30= 1500 e^2.73
thanks
Respond to this Question
Similar Questions

math
The amount of money in an account with continuously compounded interest is given by the formula A = Pert, where P is the principal, r is the annual interest rate, and t is the time in years. Calculate to the hundredth of a year how … 
math
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? 
algebra 2
The amount of money in an account with continuously compounded interest is given by the formula A=Pe^rt , where P is the principal, r is the annual interest rate, and t is the time in years. Calculate to the nearest hundredth of a … 
algebra
The amount of money in an account with continuously compounded interest is given by the formula A=Pe^rt , where P is the principal, r is the annual interest rate, and t is the time in years. Calculate to the nearest hundredth of a … 
precalc
A is accumulated amount investing after p principal for t years at and interest rate of r compounded anually k is times per year. P=$1500, r= 7%, t=6 P=1500, r=7%,t=5,k=4 P=$1250, r=5.4%,t=6 
algebra II
What will be the amount in an account with initial principal $6000 if interest is compounded continuously at an annual rate of 3.25% for 9 years? 
algebra 2
What will be the amount in an account with initial principal $6000 if interest is compounded continuously at an annual rate of 3.25% for 9 years? 
Math
If $1500 is invested at an interest rate of 3.5% per year, compounded continuously, find the value of the investment after 3 and 6 years. What formula would i use? 
algebra
To find the amount A in an account after t years with principal P and an annual interest rate r compounded continuously, you can use the formula 
Math
Her has $1500 in a retirement account earning 5% interest compounded annually. Each year after the first, she makes and additional deposits of $1500. After 5 years , what was her account balance if she did not make any withdrawals?