darrickcougars7 darrickcougars7

08-05-2021
Mathematics

contestada

puts $700.00 into an account to use for school expenses. The account earns 4% interest,
compounded continuously. How much will be in the account after 7 years?

Respuesta :

mhanifa mhanifa

08-05-2021

Answer:

$926.19

Step-by-step explanation:

Use formula:

A = Pe^(rt)

Given

P = $700
r = 4% = 0.04
t = 7 years

Find the amount:

A = 700*e^(0.04*7) = 926.19

Answer Link

08-05-2021

Answer:

$926.19 is the answer.

Step-by-step explanation:

good luck

Answer Link

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