# algebra

posted by .

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 -

Pt = Po*e^rt.

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

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

## Similar Questions

1. ### Math

Please check my work, thank you If \$7,800 is deposited into an account paying 6% interest compounded annually (at the end of each year), how much money is in the account after 2 years?
2. ### math

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?
3. ### algebra 2

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?
4. ### maths

How much money will I need to have at retirement so I can withdraw \$60,000 a year for 20 years from an account earning 8% compounded annually?
5. ### math

Huan deposited \$850 into a collegesavings account earning 4.8% interestcompounded annually. He also deposited\$850 into a second account earning 4.8%simple interest. He made no additionaldeposits. After 10 years, which account earnedmore …
6. ### Lat math question for some days. Can y'all help?

Huan deposited \$850 into a college savings account earning 4.8% interest compounded annually. He also deposited \$850 into a second account earning 4.8% simple interest. He made no additional deposits. After 10 years, which account …
7. ### magh

suppose you put money into teo different bank accounts. In account #1 you deposit \$500 and you will be earning 6% interest compounded quarterly. in account #2 you deposit \$600 and you will be earning 5% interest compounded annually. …
8. ### math

Ness won \$2400000 in a state lottery. After paying 39% of her winnings to taxes, she invested some of the money into an account earning 4.8% interest and the rest into an account earning 3.9% interest. If the total interest earned …
9. ### Math

Mark put \$3290 into a bank that offered 3% interest rate compounded monthly. Mark kept the money in this account for 9 years and then moved all this money to a new account that offered 6% interest rate compounded weekly. Do not round …
10. ### College Algebra

Suppose an investment account is opened with an intial deposit of \$12,000 earning 9.6% interest. Round all answers to the nearest dollar. a. How much will the account be worth after 20 years if it is compounded monthly?

More Similar Questions