document.write( "Question 1094074: What amount must be invested at 6.5%, compounded continuously, so that it will be worth R25 000 after 8
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Algebra.Com's Answer #708721 by jorel1380(3719) $\"\"$ $\"About$

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Continuous compounding is calculated by P_1=P_0*e^rt, where P_1 is the expected amount, P_0 is the beginning amount, r is the interest, and t is time. So:
\n" ); document.write( "25000=P_0*e^0=.065*8
\n" ); document.write( "25000/e^0.52=P_0
\n" ); document.write( "P_0=Rs 14863.0137
\n" ); document.write( "☺☺☺☺ \n" ); document.write( "

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