SOLUTION: assume you invest 2000$ at 3.5% compounded continuously, construct an equation that describes the value of your invesment at year t

Question 425062: assume you invest 2000$ at 3.5% compounded continuously, construct an equation that describes the value of your invesment at year t
Answer by Gogonati(855) (Show Source): You can put this solution on YOUR website!
Solution: Denote P=2000 the initial amount invested, r=3.5%=0.035 the interest rate and t the amount of time the investment is held. The compounded continuously A(t) can be given from the equation: ( A(t) is the value of investment after t- years)

, where e=2.718281...
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