christopher12252002
Answered

Lisa invested $2500 in a bank account. The account has an annual interest rate of 3.5%. How much money will be in the account after 15 years? Use the formula A(t) = P*e^rt to solve the problem. (round to the nearest hundredth)​

Answer :

sreedevi102

Answer:

A = $ 4188.38

Step-by-step explanation:

A= $2500

r = 3.5% = 0.035

t = 15years

n = 1

     [tex]A = P(1 + r)^t[/tex]

        [tex]= 2500 ( 1 + 0.035)^{15}\\\\= 2500 (1.67535)\\\\= \$ 4188.38[/tex]

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