Solution
Aaliyah invested 350 in an account paying an interest rate of 4% compounded continuously. Assuming no deposits or withdrawals are made, how much money, to the nearest dollar, would be in the account after 20 years?
Solution
Solution steps
Translate the problem into an equation:
Round to the nearest hundredth:
Popular Examples
The perimeter of a rectangle is 19 feet. If the length is 6 feet, find the width.17 The circumference of a circle is 59cm :Calculate the radius of the circle.The circumference of a circle is 84 cm. Find the area of the circle, rounding your answer to 3 significant figures.Mark is investing 8,000 in an account paying 5.5% interest compounded daily.What will Mark's account balance be in 6 years?If the sum of a number and 5 is multiplied by 10 , the result is:135 greater than 5 times the number.:What is the number?