Faith invested 1,100 in an account paying an interest rate of 5.1% compounded continuously. Assuming no deposits or withdrawals are made, how much money, to the nearest ten dollars, would be in the account after 18 years?

解

Faith invested 1, 100 in an account paying an interest rate of 5.1% compounded continuously. Assuming no deposits or withdrawals are made, how much money, to the nearest ten dollars, would be in the account after 18 years?

解

Amount : 2754.7

解答ステップ

Translate the problem into an equation:

A = 1100 e^{0.051 \cdot 18}

1100 e^{0.051 \cdot 18} = 2754.70450 \dots

最も近い

h u n d re d t h

に四捨五入:

2754.7

Amount : 2754.7

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