An initial amount of $1300 is invested in an account at an interest rate of 1% per year, compounded continuously. Find the amount in the account after five years. Round your answer to the nearest cent.

65, given the amount of $1300 times 0.01 percent times 5 years would equal $65 over 5 years, to break it down, multiply 1300 times 0.01 times 5

Step-by-step explanation:

step-by-step explanation:

let pq = qr = rs = x, and xz = y and zu = z.

if the horizontal lines are parallel, then corresponding segments are in proportion:

substitute:

therefore 3 = y = z.

xu = y + z → xu = 3 + 3 = 6