Find the amount that results from the given investment. $30 invested at 5% compounded continuously after a period of 2 years After 2 years, the investment results in $ (Round to the nearest cent as needed.)

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter4: Exponential And Logarithmic Functions
Section4.2: The Natural Exponential Function
Problem 2E
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Find the amount that results from the given investment.
$30 invested at 5% compounded continuously after a period of 2 years
After 2 years, the investment results in $
(Round to the nearest cent as needed.)
Transcribed Image Text:Find the amount that results from the given investment. $30 invested at 5% compounded continuously after a period of 2 years After 2 years, the investment results in $ (Round to the nearest cent as needed.)
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