Question 117056
I=PeRT
I=2,000*2.718*.06*1
I=$326.16 IS THE INTEREST ON A $2,000 INVESTMENT 2 A 6% RATE COMPOUNDED CONTINUOUSLY.
AFTER 2 YEARS WE GET
I=2,000*2.718*.06*2
I=$652.32 FOR THE 2 YEAR INVESTMENT.