Abigail invested $29,000 in an account paying an interest rate of 2.1% compounded continuously. Assuming no deposits or withdrawals are made, how much money, to the nearest dollar, would be in the account after 8 years?
You use I=prt. I=29000×2.1%×8, this gets you the amount earned, which is $4,872. You add this to the amount put in which is $29000×$4,872=$33,872. Please tell me if i'm wrong.
