Emmett puts 600.00 into an account to use for school expenses. The account earns 15% interest, compounded continuously. How much will be in the account after 10 years?

Solución

Solución

Amount : 2689.01

Pasos de solución

Translate the problem into an equation:

A = 600 e^{0.15 \cdot 10}

600 e^{0.15 \cdot 10} = 2689.01344 \dots

Round to the nearest hundredth:

2689.01

Amount : 2689.01

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