A person places Php 85,000 in a savings account which pays 13 percent interest per annum, compounded continuously. Find the amount (in Php) in the account after seven years, presuming no withdrawals and no additional deposits.

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter5: Exponential And Logarithmic Functions
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Problem 37CT: On the day a grandchild is born, a grandparent deposits $2500 in a fund earning 7.5% interest,...
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A person places Php 85,000 in a savings account which pays 13 percent interest per annum, compounded continuously. Find the amount (in Php) in the account after
seven years, presuming no withdrawals and no additional deposits.
Transcribed Image Text:A person places Php 85,000 in a savings account which pays 13 percent interest per annum, compounded continuously. Find the amount (in Php) in the account after seven years, presuming no withdrawals and no additional deposits.
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