A person places $262 in an investment account earning an annual rate of 3.7%,

compounded continuously. Using the formula V = Pert, where Vis the value of the

account in t years, P is the principal initially invested, e is the base of a natural

logarithm, and r is the rate of interest, determine the amount of money, to the

nearest cent, in the account after 5 years.

$315.24

Step-by-step explanation:

Principal, P =$262

Rate, r= 3.7% =0.037

Time, t= 5 Years

The Value of the Investment which is compounded continuously is gotten using the formula:

The value of the investment after 5 years is $315.24 to the nearest cent.

step-by-step explanation:

first you will have to convert 3/4 into a decimal

which is .75

then you will have to divide 1.5 by .75

which is 2

no you have to divide

answer: asdfghjkl,mnbv

step-by-step explanation: