anonymous
  • anonymous
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
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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jamiebookeater
  • jamiebookeater
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anonymous
  • anonymous
31062.2941 ?
amistre64
  • amistre64
pert 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
  • anonymous
i did & i got 31062.2941

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amistre64
  • amistre64
it read it wring; gotta tell it to keep the exponents together
amistre64
  • amistre64
4900 * (e^(.055 * 6)) = 6815.743
amistre64
  • amistre64
at first it did (e^.055)*6 :)
anonymous
  • anonymous
i still didn't get that answer
amistre64
  • amistre64
odd....cause thats a copy and paste off the google itself...
anonymous
  • anonymous
maybe i did something wrong lol
amistre64
  • amistre64
this is the wrong one...4900 * ((e^.055) * 6) = 31062.2941; see how it interpreted it wrong :)

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