SOLUTION: Could you verify if my answer to the problem is correct or not?
The amount A is in an account after t years of an initial principle P invested at an annual rate r compounded conti
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The amount A is in an account after t years of an initial principle P invested at an annual rate r compounded conti
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Question 76553: Could you verify if my answer to the problem is correct or not?
The amount A is in an account after t years of 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. What is the amount in the account if $500 is invested for 10 years at the annual rate of 5% compounded continuously?
I got $814.45 Answer by scott8148(6628) (Show Source):
