Find the amount of money a woman owes at the end of 3 years if 4​% interest is compounded continuously on her ​$1800 debt.

Answer 1

A= Pe^rt where r= interest rate, t= years, P=loan amount

= 1800e^.04(3)

= 1800e^.12

= about 1800(2.718281828)^.12

= about $2029.49 rounded to nearest cent