Asked by Student09

Emma receives $7750 and invests it in an account that earns 4% interest
compounded continuously. What is the total amount of her investment after 5 years?

Answers

Answered by Henry
P = Po*e^rt.

P = Principal amt. after 5 yrs.

Po = $7750 = Initial investment.

rt = (4%/100%)*5 = 0.20.

Solve for P.
Answer: $9465.87.
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