Solution
Connor invested 77, 000 in an account paying an interest rate of 4.5% compounded continuously. Assuming no deposits or withdrawals are made, how much money, to the nearest hundred dollars, would be in the account after 12 years?
Solution
Solution steps
Translate the problem into an equation:
Round to the nearest hundredth:
Popular Examples
Write a function in terms of t that represents the situation.Sales of 10,000 increase by 65% each year.The circumference of a circle is 81.64 meters. What is the circle's diameter?The sum of an integer and 5 times the next consecutive odd integer is 29. Find the value of the lesser integer.the sum of 5 and a number is 8.4 times as many as a number