Answered

Westonci.ca makes finding answers easy, with a community of experts ready to provide you with the information you seek. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

Situation:
You invest $4,000 in an account that
pays an interest rate of 5.5%,
compounded continuously.
Calculate the balance of your account after 15
years. Round your answer to the nearest
hundredth.

Sagot :

Answer:

[tex]{ \bf{A=(P + \frac{r}{100} ) {}^{n} }} \\ { \tt{ = (4000 + \frac{5.5}{100} ) {}^{15} }} \\ \\ { \tt{ = \: 1.074 \times {10}^{54} \: dollars}}[/tex]

Thanks for using our platform. We're always here to provide accurate and up-to-date answers to all your queries. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.