Suppose you invest $2500 at an annual interest rate of 3% compounded continuously. how much will you have in the account after 7 years? round the solution to the nearest dollar.

$3084

Step-by-step explanation:

The principle amount, P = $2500

Interest rate = 3% = 0.03

t = 7 years.

The formula for compounded continuously is given by

Substituting the known values, we get

On simplifying, we get

Therefore, the amount after  7 years in $3084

95.03 is the answer. hope this !