Sharon puts 400.00 into an account to use for school expenses. The account earns 8% interest, compounded continuously. How much will be in the account after 6 years?

Solución

Solución

Amount : 646.43

Pasos de solución

Translate the problem into an equation:

A = 400 e^{0.08 \cdot 6}

400 e^{0.08 \cdot 6} = 646.42976 \dots

Round to the nearest hundredth:

646.43

Amount : 646.43

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