SOLUTION: You place $900 in an investment account that earns 6% interest compounded continuously. Find the balance after 5 years. I know the formula is A(t)=900e^rt . Is the P=900? or is T=9
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Question 955240: You place $900 in an investment account that earns 6% interest compounded continuously. Find the balance after 5 years. I know the formula is A(t)=900e^rt . Is the P=900? or is T=900? Answer by stanbon(75887) (Show Source):
You can put this solution on YOUR website! You place $900 in an investment account that earns 6% interest compounded continuously. Find the balance after 5 years. I know the formula is A(t)=900e^rt . Is the P=900? or is T=900?
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P = Principal = 900
t is time in years
A(t) is amount after t years
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Cheers,
Stan H
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