SOLUTION: if a bank compounds continuously then the formula used is A=Pe rt where e is a constant and equals approximately 2.7183. Calculate A with continous compounding. Round your answer t

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Question 208079: if a bank compounds continuously then the formula used is A=Pe rt where e is a constant and equals approximately 2.7183. Calculate A with continous compounding. Round your answer to the nearest cent.
Answer by checkley77(12844) About Me  (Show Source):
You can put this solution on YOUR website!
Need a value for P, r & t to calculate an amount.
A=Pe^(rt)
A=P*2.7183^(rt)