Bob has $7565 in his savings account that earns 3.5% intrest compounded continuously. what is the total amount in his account after 3 years?

Question

I need work plz this is for a quiz

 

Answer 1

Brandon,

         Let a(t) be the amount in the account after t years then a(t)=7565*e^.035*t all you have to do is substitute t=3.

 I got $8,402.53 after 3 years.

 

Jim