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Jamie placed $2800 in a savings account which earns 4.3% interest, compounded continuously. How much will she have in the account after 9 years? Round your answer to the nearest dollar. Do NOT round until you have calculated the final answer.

Respuesta :

Answer:

4123

Step-by-step explanation:

A=Pert,

where A is the balance of the account, P is the principal, r is the annual interest rate (as a decimal), and t is the time (in years). We are given that P=2800, r=0.043, and t=9. Substituting the values into the formula and using a calculator to evaluate, we find

A=Pert=2800e(0.043)(9)≈4123.16

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