SOLUTION: Please help me this problem tutor and thank you. If a bank compounds continually , then the formula used is A=Pe^rt where e is the constant and equals approximately 2.7183. Calcula

Algebra ->  Finance -> SOLUTION: Please help me this problem tutor and thank you. If a bank compounds continually , then the formula used is A=Pe^rt where e is the constant and equals approximately 2.7183. Calcula      Log On


   

Question 138724: Please help me this problem tutor and thank you. If a bank compounds continually , then the formula used is A=Pe^rt where e is the constant and equals approximately 2.7183. Calculate A with continuous compounding. Round your answer to the hundredths place. Please show how you did get to this answer.
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
You would have to know the rate (r) and the time (t) and the pricipal (P).
Cheers,
Stan H.