Asked by jenn

Jennifer invested $2,500 in an account earning 3.5% interest compounded continuosly. How much money will she have in the account after 15 years?
Answered by Henry
Pt = Po*e^rt.

rt = 0.035/yr * 15yrs = 0.525.

Pt = $2500*e^0.525 = $4226.16.