blurry2005 blurry2005

09-02-2021
Mathematics

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Serenity invested $3,100 in an account paying an interest rate of 2.9% compounded continuously. Assuming no deposits or withdrawals are made, how much money, to the nearest dollar, would be in the account after 12 years?

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gmercer8539 gmercer8539

09-02-2021

Answer:

$4179

Step-by-step explanation:

3,100*.029= 89.9

89.9*12=1,078.80

3,100+1,078.80=4,178.80

4,178.80 rounded to the nearest dollar= 4179

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