Question

Klaus invested $8,000 in a savings account. If the interest rate is 3.45%, how much will be in the account in 15 years by compounding continuously?

Answer 1

ANSWER

5.852039244632445e+58

EXPLANATION

ok so sorry for the mix up i just realized i did it wrong.

so the actual answer is 8276 to the 15th power

E (or e) is a short form for scientific notation.

E (or e) stands for exponent of 10

the simplified version of this is 5.852039244632445 times 10 to the 58th

i know its a really large number and i'm sorry for that

Answer 2

Answer:

$13,422.62

Step-by-step explanation:

A=?

P=$8,000

r=0.0435

t=15 years

A=8,000e0.0345*15