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4 years ago, Dillon won some money in the lottery and put it in a bank account that earns 2% interest compounded continuously. If Dillon currently has $5,000.00 in the bank account, how much interest has he earned? Round your answer to the nearest cent. Submit

4 years ago, Dillon won some money in the lottery and put it in a bank account that earns 2% interest compounded continuously. If Dillon currently has $5,000.00 in the bank account, how much interest has he earned? Round your answer to the nearest cent. Submit

Intermediate Algebra
Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.49TI: Nathaly deposited $12,500 in her bank account where it will earn 4% simple interest. How much...
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4 years ago, Dillon won some money in the lottery and put it in a bank account that earns 2% interest compounded continuously. If Dillon currently has $5,000.00 in the bank account, how much interest has he earned? Round your answer to the nearest cent. Submit Work it out Not feeling ready yet? These can help: hp @ 2$ & 3 4 5 7 8 W e y d j k b in m
Transcribed Image Text:4 years ago, Dillon won some money in the lottery and put it in a bank account that earns 2% interest compounded continuously. If Dillon currently has $5,000.00 in the bank account, how much interest has he earned? Round your answer to the nearest cent. Submit Work it out Not feeling ready yet? These can help: hp @ 2$ & 3 4 5 7 8 W e y d j k b in m
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