math

posted by .

Suppose you invest $2500 at an annual interest rate of 3% compounded continuously. How much will you have in the account after 7 years? Round the solution to the nearest dollar

  • math -

    2500*e^(.03*7) = ?

  • math -

    Exact Form 25000e^0.2

    answer: $3084

  • math -

    D .. 3084

  • math -

    3084

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. algebra

    suppose you invest 17000 at an annual interest rate of 3.9% compounded continuously?
  2. Math

    Suppose you invest $600 at an annual interest rate of 3.9% compounded continuously. How much will you have in the account after 25 years?
  3. Algebra 2

    Suppose you invest $500 at an annual interest rate of 8.2% compounded continuously. How much will you have in the account after 15 years?
  4. math

    Suppose you invest $700 at an annual interest rate of 7.6% compounded continuously. How much will you have in the account after 1.5 years?
  5. Algebra

    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?
  6. math

    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?
  7. algebra

    Suppose you invest $400 at an annual interest rate of 7.6% compounded continuously. How much will you have in the account after 1.5 years. Round to the nearest dollar.
  8. Dallas can

    Suppose you invest $2000 at an annual interest rate of 5.1% compounded continuously. How much will you have in the account after 3 years?
  9. Dallas can

    Suppose you invest $2000 at an annual interest rate of 5.1% compounded continuously. How much will you have in the account after 3 years?
  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