Question 311024: 10 dollars invested at 5% compounded continuously after a 3 year period. After 3 years, the investment result in? Answer by nerdybill(7384) (Show Source):
You can put this solution on YOUR website! 10 dollars invested at 5% compounded continuously after a 3 year period. After 3 years, the investment result in?
.
Where
A(t) is amount after time t
Po is the initial amount
r is the rate
t is the time
.
Or,
A(t) = $11.62
