# 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? Round the solution to the nearest dollar

1. 👍
2. 👎
3. 👁
1. 2000 * e^(3*.051)

just use the formulas you have been studying.

1. 👍
2. 👎
2. Dallas can what? Is that your school subject? Simple interest has nothing to do with Dallas. It's the same everywhere, even in California. Dallas can is a cheer for your football team, not a school subject.

1. 👍
2. 👎
3. 2322

1. 👍
2. 👎

## Similar Questions

1. ### 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?

2. ### math

Complete the table for a savings account in which interest is compounded continuously. (Round your answers to four decimal places.) Initial Investment: \$350 Annual % Rate: % Time to Double: yr Amount After 10 Years: \$435.21

3. ### 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

4. ### Pre-Calc

An initial investment of \$9000 grows at an annual interest rate of 5% compounded continuously. How long will it take to double the investment?

1. ### Math

Suppose that \$2500 is invested at an interest rate of 2.5% per year, compounded continuously. After how many years will the initial investment be doubled?

2. ### math

Complete the table for a savings account in which interest is compounded continuously. initial investment = \$600 annual % rate = ? time to double ? Amount after 10 years = \$19,205.00 I have no idea how to solve this.

3. ### 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

4. ### math

find the accumulated value of an investment of \$10000 for 5 years at an interest rate of 5.5% if the money is a. compounded semiannually; b. compounded monthly; c. compounded continuously.

1. ### alegbra 2

Earning interest- You deposit \$1000 in an account that pays 6% annual interest compounded continuously. Find the balance at the end of 2 years.

2. ### algebra 2

You are depositing \$1000 in a savings account at 6% annual interest rate, compounded continuously. What will the balance be after 5 years? Round your answer to the nearest hundredth.

3. ### Calculus

The balance in an account triples in 20 years. Assuming that interest is compounded continuously, what is the annual percentage rate? I found the equation: y=e^(xln3/20) assuming that y0=1 I got 5.64%, is that right?

4. ### Algebra

Given the equation A=250(1.1)t, you can determine that the interest is compounded annually and the interest rate is 10%. Suppose the interest rate were to change to being compounded quarterly. Rewrite the equation to find the new