SOLUTION: the amount A in an account after t years of an initial principle P invested at an annual rate r compounded continously is given by A=Pe^rt where r is expressed as a decimal. What i

Question 62613: the amount A in an account after t years of an initial principle P invested at an annual rate r compounded continously is given by A=Pe^rt where r is expressed as a decimal. What is the amount in the account if $500 is invested for 10 years at the annual rate of 5% compounded continously?
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!

P = 500
t = 10
r = .05

$824.36 will be the amount in the account after 10 years
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