sallylou sallylou

26-04-2017
Mathematics

contestada

How much would $500 invested at 5% interest compounded continuously be worth after 8 years

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NerdyAsian123 NerdyAsian123

26-04-2017

A=Pe^rt
A: Total Amount
P:Principle ($500)
R: Rate 5% in decimal form
T: Time in years

A=500e^(.05*8)

A=745.912348821

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