Share

## Connor invested $77,000 in an account paying an interest rate of 4.5% compounded continuously. Assuming no deposits or withdrawals are

Question

Connor invested $77,000 in an account paying an interest rate of 4.5% compounded

continuously. Assuming no deposits or withdrawals are made, how much money, to

the nearest hundred dollars, would be in the account after 12 years?

in progress
0

Mathematics
3 years
2021-08-11T13:56:37+00:00
2021-08-11T13:56:37+00:00 2 Answers
1 views
0
## Answers ( )

Answer:this answer is actually correct. the answer is 132100.

Step-by-step explanation:Compounded Continuously:

A=Pe^{rt}

A=Pe

rt

P=77000 r=0.045 t=12

Given values

A=77000e^{0.045(12)}

A=77000e

0.045(12)

Plug in

A=77000e^{0.54}

A=77000e

0.54

Multiply

A=132132.528388

A=132132.528388

Use calculator (with e button)

A= aprroximatley 132100

A≈132100

Round to nearest hundred dollars

please heart!

VVV and 5 stars! VVV

Answer:There would be $118,580 but to the nearest hundred there would be $118,600.

Step-by-step explanation:The answer is 118,600 because 4.5% of 77,000 is 3465 and 3465 multiplied by 12 is 41580 and 77,000 plus 41580 is 118,580 but rounded to the nearest hundred it would be 118,600.

P.S Can I have brainliest?