Bill opened a savings account and deposited 800.00 as principal. The account earns 4% interest, compounded continuously. What is the balance after 4 years?

Solución

Solución

Amount : 938.81

Pasos de solución

Translate the problem into an equation:

A = 800 e^{0.04 \cdot 4}

800 e^{0.04 \cdot 4} = 938.80869 \dots

Round to the nearest hundredth:

938.81

Amount : 938.81

Ejemplos populares

13 less than 4 times a number x is 7 Two friends are waiting at the cult concert to get a soda. Their total age is 98 years old. They were born 8 years apart. What are their two ages The product of two consecutive even whole numbers is 2208 Emir is 5 years younger than christine. Kelly is 14. Olivia is 3 years older than Kelly and 2 years older than Christine. How old is Emir the sum of the even numbers is 56 find x