mini whiteboard problem\nyou decide to open a bank account with $250 that offers you an annual interest rate…

mini whiteboard problem\nyou decide to open a bank account with $250 that offers you an annual interest rate of 4% and grows continuously. how much money will you have in your account after 8 years?\ni want to see your equation and answer on the wbs.\na = pe^{rt}

mini whiteboard problem\nyou decide to open a bank account with $250 that offers you an annual interest rate of 4% and grows continuously. how much money will you have in your account after 8 years?\ni want to see your equation and answer on the wbs.\na = pe^{rt}

Answer

Explanation:

Step1: Identificar los valores dados

$P = 250$, $r=0.04$, $t = 8$

Step2: Sustituir en la fórmula $A = Pe^{rt}$

$A=250\times e^{0.04\times8}$

Step3: Calcular el exponente

$0.04\times8 = 0.32$

Step4: Calcular $e^{0.32}$

Usando una calculadora, $e^{0.32}\approx1.3771277$

Step5: Calcular el valor de $A$

$A = 250\times1.3771277\approx344.28$

Answer:

$344.28$