Question

you deposit $3,000 in an account that pays 5% annual interest compounded continuously. what is the balance after 2 years

Answer 1

$300

What I did was 3000 X 0.05 to find the interest per year and got 150
Then I multiplied that by 2 for the 2 years and got $300

Answer 2

Answer:

Step-by-step explanation:

$3307.50