Please help:

A continuously compounded account starts with $2500 in principal. The annual interest rate is 11.3%. What is the balance after 15 years?

pert:

Value= Principal*e^rt

= 2500* e^0.11(15)
= 2500 * e^1.65

wow.

thanks

Similar Questions

you are depositing $1000 dollars in a savings account and are given the following options.6.2% annual interest rate, compounded
1. 0 answers
A continuously compounded account starts with $1500 in principal. The annual interest rate is 9.1%. What is the balance after 30
1. 0 answers
A principal amount of $7,460 is placed in a savings account with a 4.39% annual interest rate, compounded continuously. Which
1. 1 answer
Isabella invests $10,000 in an account that is compounded continuously at an annual interest rate of 3%, according to the
1. 1 answer