Carla opened a savings account and deposited 600.00. The account earns 2% interest, compounded continuously. If she wants to use the money to buy a new bicycle in 1 year, how much will she be able to spend on the bike?

פתרון

פתרון

Amount : 612.12

צעדי פתרון

Translate the problem into an equation:

A = 600 e^{0.02 \cdot 1}

600 e^{0.02 \cdot 1} = 612.12080 \dots

Round to the nearest hundredth:

612.12

Amount : 612.12

דוגמאות פופולריות

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