Emma receives $7750 and invests it in an account that earns 4% interest

Question

compounded continuously. What is the total amount of her investment after 5 years?

Answer 1

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.