xenobladegrace1 xenobladegrace1

09-01-2019
Mathematics

contestada

Find the amount in a continuously compounded account for the given conditions. principal: $250
annual interest rate: 6.2%
time: 2.5 years

Respuesta :

sqdancefan sqdancefan

09-01-2019

Answer:

$291.91

Step-by-step explanation:

Put the given numbers into the formula and do the arithmetic.

... A = Pe^(rt)

... A = $250·e^(0.062·2.5) ≈ $291.91

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