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You deposit 3000 in an account that earns 3.8% annual interest compounded continuously. Find the balance of your account after 5 years

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解答

Youdeposit3000inanaccountthatearns3.8%annualinterestcompoundedcontinuously.Findthebalanceofyouraccountafter5years

解答

Amount:3627.75
求解步骤
Translate the problem into an equation:A=3000e0.038⋅5
3000e0.038⋅5=3627.74879…
Round to the nearest hundredth:3627.75
Amount:3627.75

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