Bayleewilloughby Bayleewilloughby

12-02-2021
Mathematics

contestada

A person placed $638 in an investment account earning an annual rate of 3.8%, compound continuously using the formula V=Pe^rt, where V is the value of the amount in T years, P is the principal initially invested, E is the base of the natural log rhythm, and our is the rate of interest, determine The amount of money, to the nearest cent in the account after 15 years

Respuesta :

12-02-2021

Answer:

Step-by-step explanation:

[tex]V=638e^{0.038(15)}\\ \\ V=\$ 1128.15[/tex]

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