SOLUTION: How much money, invested at an interest rate of r% per year compounded continuously, will amount to A dollars after t years? (Round your answer to the nearest cent.) A = 300,000,

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Question 741761: How much money, invested at an interest rate of r% per year compounded continuously, will amount to A dollars after t years? (Round your answer to the nearest cent.)
A = 300,000, r = 3.2, t = 14
I've gotten $191671.4 as the answer but it's counted wrong
Found 3 solutions by lynnlo, ikleyn, MathTherapy:
Answer by lynnlo(4176)   (Show Source):
You can put this solution on YOUR website!
$469,553.61

Answer by ikleyn(53419)   (Show Source):
You can put this solution on YOUR website!
.
How much money, invested at an interest rate of r% per year compounded continuously,
will amount to A dollars after t years? (Round your answer to the nearest cent.)
A = 300,000, r = 3.2, t = 14
I've gotten $191671.4 as the answer but it's counted wrong
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Your equation is 300000 = , where X is the principal under the problem's question. From this equation, you find X = = = 191671.41 dollars (rounded to the nearest cent). ANSWER. The principal amount is $191,671.41.

Solved.

The answer in the post by @lynnnlo is incorrect, so ignore it for the sake of the peace in your mind.

Answer by MathTherapy(10586)   (Show Source):
You can put this solution on YOUR website!

How much money, invested at an interest rate of r% per year compounded continuously, will amount to A dollars after t years? (Round your answer to the nearest cent.) A = 300,000, r = 3.2, t = 14 I've gotten $191671.4 as the answer but it's counted wrong Approximate amount: $191,671.4052. Rounded to the NEAREST CENT results in $191,671.41, NOT $191,671.4 (presumed to be $191,671.40), as you stated.