Seth146 Seth146
  • 24-05-2022
  • Mathematics
contestada

Hello! Help please! Can you show steps?

Hello Help please Can you show steps class=

Respuesta :

s1m1
s1m1 s1m1
  • 24-05-2022

Answer:

$283. 81

Step-by-step explanation:

Start with P = 200.00 dollars.

If the interest is compounded continuously, then after t = 7 years the at the rate r = 5% = .05, the total amount of money in the account will be A.

[tex]A= P e^{r*t}[/tex]

[tex]A = 200*e^{.05*7}[/tex]

A = 283.8135097

A ≈ $283. 81

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