Complete the table to determine the balance A for $20,000 invested at rate r = 6% for t years, compounded continuously.

Question

chart looks like this:
t 10 20 30 40 50
A ___ ___ ___ ___ ____
I need to answer A

Answer 1

I will do the first one for t=10
you do the others the same way

in general: A = 20000 e^(rt) , were r is the rate in decimals

if t = 10
A = 20000(e^(.06(10))
= 36442.38

Answer 2

You have given me a lot to think about here. Thanks

Have you ever seen my webpage: Penomet device review.