Lucy opened a savings account and deposited 500 00 as

Last updated: 5/12/2023

Lucy opened a savings account and deposited 500 00 as principal The account earns 1 interest compounded continuously What is the balance after 5 years Use the formula A Pet where A is the balance final amount P is the principal starting amount e is the base of natural logarithms 2 71828 r is the interest rate expressed as a decimal and it is the time in years Round your answer to the nearest cent