# Math

Emma receives \$7750 and invests it in an account that earns 4% interest
compounded continuously. What is the total amount of her investment after 5 years?

1. 👍 0
2. 👎 0
3. 👁 112
1. P = Po*e^rt.

P = Principal amt. after 5 yrs.

Po = \$7750 = Initial investment.

rt = (4%/100%)*5 = 0.20.

Solve for P.

1. 👍 0
2. 👎 0
posted by Henry

## Similar Questions

1. ### Math

Aidan has \$7565 in his checking account. He invests \$5000 of it in an account that earns 3.5% intersest compounded continuously. What is the total amount of his investment after 3 years?

asked by Student09 on December 3, 2012
2. ### math

I have been staring at this problem forever, and cant seem to dig it up in my book. Please help! Two competing bank are trying to attract customers. (a) Ally Bank has an account which earns 25% interest every 10 years. Assuming

asked by fawn on January 8, 2013
3. ### Math

if tina deposits \$500 into a bank account that earns 4.5% interest compounded continuously, how long will it take for her account to have \$2500 in it

asked by Joe on January 19, 2017
4. ### math

Riley invests \$100 in the year 2000. The account is compounded annually. The account earns 3% interest for a period of 30 years. After 30 years, how much money will be in the account?

asked by marilyn on January 25, 2017
5. ### math

An initial investment of \$1240 is appreciated for 17 years in an account that earns 8% interest, compounded continuously. Find the amount of money in the account at the end of the period.

asked by allison on April 8, 2011
6. ### Algebra

A woman invests \$15000 in 2 separate investment accounts. One account earns 5.1%, one earns 4.2% simple interest. If she earns \$21 in interest total, how much did she earn from each account. I keep getting x to be 67,666.67 by

asked by Scott on October 28, 2014
7. ### math

Suppose that you have \$12,500 to invest over a 4 year period. There are two accounts to choose from: 4.5% compounded monthly or 4.3% compounded continuously. a. Write the formula for the first accountâ€™s compound interest for n

asked by bob on October 3, 2012
8. ### math

how would you write an equaton if you deposit \$3200 into an account that earns 6.2% interest, compounded continuously?

asked by j.davis on November 1, 2010
9. ### algebra

How long does it take your money to double if it is left in an account for 20 years and earns 8.5% interest compounded continuously?

asked by Victor on February 25, 2019
10. ### algebra

If Ron put \$1000 of his money into a bank account that earns a 2.3% annual interest rate, how much will he earn after 10 years if the interest is compounded A. yearly, B monthly? C. continuously?

asked by matthew on September 11, 2017

More Similar Questions