SOLUTION: ANYONE PLEASE HELP ME SOLVE THIS PROBLEM:
The amount A in an account after t years from an initial principle P invested at an annual rate r compounded continuously is given by A=P
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-> SOLUTION: ANYONE PLEASE HELP ME SOLVE THIS PROBLEM:
The amount A in an account after t years from an initial principle P invested at an annual rate r compounded continuously is given by A=P
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Question 55171: ANYONE PLEASE HELP ME SOLVE THIS PROBLEM:
The amount A in an account after t years from an initial principle P invested at an annual rate r compounded continuously is given by A=Pe^rt where r is expressed as a decimal. How many years will it take an initial investment of $1,700 at the rate of 4.42% compounded continuously? Found 2 solutions by stanbon, funmath:Answer by stanbon(75887) (Show Source):
You can put this solution on YOUR website! A=Pe^rt where r is expressed as a decimal. How many years will it take an initial investment of $1,700 at the rate of 4.42% compounded continuously?
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How many years will it take it to do what?
Cheers,
stan H.
You can put this solution on YOUR website! You forgot to end the question, how long will it take an initial investment of $17,000 compunded continuously at a rate of 4.2% to do what? How much do you want to make?
I'll be waiting for your reply---you can tell me what you intended in the way that students say thank you. I'll go back and change your question and change this answer.
funmath
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