if 3000$ is invested at a rate of 12% compounded continuously, find the balance in the account after 5 years. Use the formula A=Pe^rt​

Question

if 3000$ is invested at a rate of 12% compounded continuously, find the balance in the account after 5 years. Use the formula A=Pe^rt​

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Trung Dũng 5 months 2021-08-22T07:17:21+00:00 1 Answers 0 views 0

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    2021-08-22T07:18:42+00:00

    Answer:

    $5466.36

    Step-by-step explanation:

    This question is pretty cut and dry

    just plug in the numbers

    3000e^{5*.12}\\3000e^{.6}\\5466.356401\\5466.36

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