# algebra II

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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 II -

Pt = Po*e^rt.

r = 3.25% = 0.0325 = APR = Annual % rate expressed as a decimal.

t = 9 yrs.

rt = 0.0325 * 9 = 0.2925.

Pt = \$6000*e^0.2925 = \$8038.65.

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