anonymous
  • anonymous
Can anyone figure out where I messed up. The problem is : Aidan has $7565 in his checking account. He invests it in an account that earns 3.5% interest compounded continuously. What is the total amount of his investment after 3 years? Round your answer to the nearest hundredth. Enter your answer as the example: $1234.56 and I got $ 8402.48 but it says im wrong /:
Mathematics
  • Stacey Warren - Expert brainly.com
Hey! We 've verified this expert answer for you, click below to unlock the details :)
SOLVED
At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.
schrodinger
  • schrodinger
I got my questions answered at brainly.com in under 10 minutes. Go to brainly.com now for free help!
anonymous
  • anonymous
did you use \[P(t)=P_{0}e^{kt}\]
anonymous
  • anonymous
how would I do that??
anonymous
  • anonymous
you've never used this equation before but your homework has questions about it?

Looking for something else?

Not the answer you are looking for? Search for more explanations.

More answers

anonymous
  • anonymous
k is the rate compounded continuously, P_0 is the initial amount, t is the time
anonymous
  • anonymous
i got $8402.53, so you were close

Looking for something else?

Not the answer you are looking for? Search for more explanations.