Asked by lexxy

Natalie has $5000 and decides to put her money in the bank in an account that has a 10% interest rate that is compounded continuously.
What type of exponential model is Natalie’s situation?
Write the model equation for Natalie’s situation
How much money will Natalie have after 2 years?
How much money will Natalie have after 10 years?
Answered by oobleck
5000 * e^0.10x
see what you can do with that
Answered by Reiny
Exponential function where

Amount = 5000 e^(.1t)

replace t with 2 and with 10
let me know what you got for "after 2 years" to make sure your getting it correct
Answered by lexxy
i got 6107.01
is that right?
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