Question

A website is offering a savings account that pays 33% compounded continuously. How much interest would a deposit of $3,000 earn over 15 years? (Round your answer to the nearest cent.)

I used f(t)=Pe^rt and got 1000e^-0.045t
I don't know what I did wrong.

Thank you.

Answer 1

I meant to say 3000e^ 0.33(15) and got $62593.57

Answer 2

don' know how you got that final answer.

3000 e^(.33x15)
= 3000 e^4.95
= 3000(141.1749639)
= $423524.89

Quickly, get me that webpage!!!!