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A person places $7120 in an investment account earning an annual rate of 7.4%, compounded continuously. Using the formula V = Pe^rt where V is 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 11 years.

Respuesta :

Answer:

16069.25

Just know that

P=Is the first number in the word prob.

R=the second number (percentage one) which you get into decimal form

T=the last number in the word problem

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