document.write( "Question 321441: The bank compounds continously then the formula used is A=Pe^rt where e is constant and equals appr 2.713/ calculate A with continous compounding. roung your answer to the hundredth's place.
\n" );
document.write( "so far I have A=4000^.07(8) butcant get it to come out right. \n" );
document.write( "
Algebra.Com's Answer #230201 by Alan3354(69443) You can put this solution on YOUR website! The bank compounds continously then the formula used is A=Pe^rt where e is constant and equals appr 2.713/ calculate A with continous compounding. roung your answer to the hundredth's place. \n" ); document.write( "so far I have A=4000^.07(8) butcant get it to come out right. \n" ); document.write( "----------------------------- \n" ); document.write( "You didn't give the data. It appears that the starting amount is $4000, the interest rate is 7%, and the time is 8 periods. \n" ); document.write( "If so, \n" ); document.write( "A = 4000*e^(0.07*8) you left out the e. e is not 2.713. It's 2.718281828... \n" ); document.write( "A = 4000*e^0.56 \n" ); document.write( "A =~ 7002.69\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |