SOLUTION: When a bank compounds continuously, using the formula A = P e rt how do you set up the formula when it is given that P = 4000, e = is a constant that is equal to 2.7183, r = 7% or

SOLUTION: When a bank compounds continuously, using the formula A = P e rt how do you set up the formula when it is given that P = 4000, e = is a constant that is equal to 2.7183, r = 7% or

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Question 236067: When a bank compounds continuously, using the formula A = P e rt how do you set up the formula when it is given that P = 4000, e = is a constant that is equal to 2.7183, r = 7% or .07, t = 8 now how would you calculate A with continuous compounding.
Answer by scott8148(6628) (Show Source): You can put this solution on YOUR website!
the actual expression is ___ A = P e^(rt)

just plug in the values (use the decimal r)
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