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You invest $3,200 in an account that
pays an interest rate of 7.25%,
compounded continuously.
Calculate the balance of your account after 12 years. Round you left answer to the nearest hundredth.

Respuesta :

Kd20062019

Answer: im not 100% sure this is correct but i think it is

A= $7638.11

Step-by-step explanation:

A= Pe^rt ,

let r= is rate,

let t= is time in years

A=3200*e^(.0725*12)

=3200*e6^0.87

which gives you

A= $7638.11

 

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