julia5001 julia5001

01-07-2017
Mathematics

contestada

how much would 200 invested at 5 invested compounded continuously be worth after 9 years

Respuesta :

01-07-2017

A = pe^(rt) is the formula for compounding continuously.
A = amount in the account after period of time.
p= principle
r = rate (change to decimal)
t = time (in years)
e = constant
A = 200e^(.05*9)
A = $313.66

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