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Math  /  Calculus

QuestionMike deposited $10000\$ 10000 in a saving account in which interest is compounded continuously. The annual rate of interest is 4.5%4.5 \%. (a.) How much does he have in this account after 15 years? Round your answer to the nearest cent.
Amount after 15 years ≈$\approx \$ □\square

Studdy Solution
Round the result to the nearest cent:
Amount after 15 years ≈$19640.30\approx \$19640.30
The final amount in the account after 15 years is approximately:
19640.30 \boxed{19640.30}

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