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 = 13

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Question 922292: 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 = 13,000, r = 4.3, t = 4

Answer by jim_thompson5910(35256) About Me  (Show Source):
You can put this solution on YOUR website!
A+=+P%2Ae%5E%28r%2At%29


13000+=+P%2Ae%5E%280.043%2A4%29


13000+=+P%2Ae%5E%280.172%29


13000+=+P%2A1.18767783321398


13000%2F1.18767783321398+=+P


P+=+13000%2F1.18767783321398


P+=+10945.7292511899


P+=+10945.73


You need to invest $10,945.73 into the account.

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