A community for students.
Here's the question you clicked on:
 0 viewing
anonymous
 5 years ago
You invest $4,900 in an account that pays an interest rate of 5.5%, compounded continuously. Calculate the balance of your account after 6 years. Round your answer to the nearest hundredth
anonymous
 5 years ago
You invest $4,900 in an account that pays an interest rate of 5.5%, compounded continuously. Calculate the balance of your account after 6 years. Round your answer to the nearest hundredth

This Question is Closed

amistre64
 5 years ago
Best ResponseYou've already chosen the best response.1pert again....2 minutes ago amistre64 252 9 3 medals for this answerer. Give Medal Medal GivenUndo 4900(e^(.055)(6))a minute ago amistre64 252 9 3 medals for this answerer. Give Medal Medal GivenUndo plug that into google and the calc will spit back an answer

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0i did & i got 31062.2941

amistre64
 5 years ago
Best ResponseYou've already chosen the best response.1it read it wring; gotta tell it to keep the exponents together

amistre64
 5 years ago
Best ResponseYou've already chosen the best response.14900 * (e^(.055 * 6)) = 6815.743

amistre64
 5 years ago
Best ResponseYou've already chosen the best response.1at first it did (e^.055)*6 :)

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0i still didn't get that answer

amistre64
 5 years ago
Best ResponseYou've already chosen the best response.1odd....cause thats a copy and paste off the google itself...

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0maybe i did something wrong lol

amistre64
 5 years ago
Best ResponseYou've already chosen the best response.1this is the wrong one...4900 * ((e^.055) * 6) = 31062.2941; see how it interpreted it wrong :)
Ask your own question
Sign UpFind more explanations on OpenStudy
Your question is ready. Sign up for free to start getting answers.
spraguer
(Moderator)
5
→ View Detailed Profile
is replying to Can someone tell me what button the professor is hitting...
23
 Teamwork 19 Teammate
 Problem Solving 19 Hero
 Engagement 19 Mad Hatter
 You have blocked this person.
 ✔ You're a fan Checking fan status...
Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.