QuestionTom deposits \$1800 in a bank with 8% continuous interest. How much will he have after 4 years? Round to the nearest cent.

Studdy Solution
Calculate the total amount in the account after four years.
$$A = \$1800 \times e^{0.08 \times4} \approx \$2380.08$$Tom will have approximately $2380.08 in his account after four years, assuming he makes no withdrawals.