Question 199299
Find the value of $5,800 deposited into a bank at 1.7% interest compounded continuously for 9 years. 
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The formula is

{{{P = Ae^(rt)}}}

Where A = the starting value, which in this case is 5800
      P = the ending value, which is what we are to find
      r = the annual rate expressed as a decimal, which in this case is .017
      t = the number of years, which in this case is 9

{{{P = 5800e^(.017*9)}}}

{{{P = 5800e^.153}}}

{{{P = 6758.884878}}}

Rounding to the nearest penney:

 P = $6758.88

Edwin</pre>