Gabby opened a savings account and deposited $800.00 as principal. The
account earns 13% inter...
Mathematics, 19.05.2020 16:57 mamasbug4285
Gabby opened a savings account and deposited $800.00 as principal. The
account earns 13% interest, compounded continuously. What is the
balance after 1 year?
Use the formula A = pe", 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.
$
Answers: 1
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