Asked by tabby

find the balance after 15 years of a $2500 investment earning 5.5% interest compounded continuously

Someone show me how to do this, please?!

13 years ago

Answered by Henry

P = Po*e^rt.

r = 0.055 = APR expressed as decimal.
t = 15 Years.

rt = 0.055*15 = 0.825.
P = 2500*e^0.825 = $5704.70.

13 years ago

Answered by Suhana

Thanks to this Question thankyou

4 years ago

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