Carla opened a savings account and deposited 600.00. The account earns 2% interest, compounded continuously. If she wants to use the money to buy a new bicycle in 1 year, how much will she be able to spend on the bike?

Lời Giải

Lời Giải

Amount : 612.12

Các bước giải pháp

Translate the problem into an equation:

A = 600 e^{0.02 \cdot 1}

600 e^{0.02 \cdot 1} = 612.12080 \dots

Làm tròn đến hundredth gần nhất:

612.12

Amount : 612.12

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