3 years ago

How much would $500 invested at 5% interest compounded continuously be

Mathematics

1 answer:

vekshin13 years ago

5 0

Answer:

A = $746 (rounded up to nearest cent)

Step-by-step explanation:

A = P $e^{rt}$

A = $500 × $e^{0.05(8)}$ = $745.9123488 or $746 (rounded up to nearest cent)

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$\bf log_{{ a}}(xy)\implies log_{{ a}}(x)+log_{{ a}}(y)\\\\
and\qquad \textit{difference of squares}
\\ \quad \\
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