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

Algebra ->  Logarithm Solvers, Trainers and Word Problems -> 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       Log On


   

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) About Me  (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)