Asked by Jake
Please Help!
How much money, invested at an interest rate of r% per year compounded continuously, will amount to A dollars after t years?
A = 15,500, r = 5.4, t = 5
How much money, invested at an interest rate of r% per year compounded continuously, will amount to A dollars after t years?
A = 15,500, r = 5.4, t = 5
Answers
Answered by
Steve
15500 = Pe^(.054*5)
P = 11,832.40
P = 11,832.40
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