Mathematics, 13.04.2020 16:17 getsic
Jason opened a savings account and deposited $700.00 as principal. The account earns 1% interest, compounded continuously. What is the balance after 1 year? Use the formula A = Pe^rt , where A is the balance (final amount), P is the principal (starting amount), e is the base of natural logarithms (≈ 2.71828), r is the interest rate expressed as a decimal, and t is the time in years. Round your answer to the nearest cent
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Jason opened a savings account and deposited $700.00 as principal. The account earns 1% interest, co...
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