suppose that 2600 is initially invested in an account at a fixed interest rate compounded contin

Name: suppose that 2600 is initially invested in an account at a fixed interest rate compounded continuously suppose also that after four years the amount of money in the account is 2936 find the 98943
Uploaded: 2023-04-14T01:49:39-08:00
Duration: 2 min 23 s
Channel: Danielle Fairburn
Description: suppose that 2600 is initially invested in an account at a fixed interest rate compounded continuously suppose also that after four years the amount of money in the account is 2936 find the 98943

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Tim Thornhill · Accepted Answer

1. We know the formula for continuous compounding is $A = Pe^{rt}$, where $A$ is the final amoun

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