Moneysaver's Bank offers a savings account that earns 2.5% interest per year, compounded continuously. If Christine deposits 3300, how much will she have in the account after two years, assuming she makes no withdrawals?

Solución

Solución

Amount : 3469.19

Pasos de solución

Translate the problem into an equation:

A = 3300 e^{0.025 \cdot 2}

3300 e^{0.025 \cdot 2} = 3469.19461 \dots

Round to the nearest hundredth:

3469.19

Amount : 3469.19

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