sallylou sallylou
  • 26-04-2017
  • Mathematics
contestada

How much would $500 invested at 5% interest compounded continuously be worth after 8 years

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NerdyAsian123
NerdyAsian123 NerdyAsian123
  • 26-04-2017
A=Pe^rt
A: Total Amount
P:Principle ($500)
R: Rate 5% in decimal form
T: Time in years

A=500e^(.05*8)

A=745.912348821
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