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3 years ago

What is the compounded interest if $410 is invested for 10 years at 8% compounded continuously

2 answers:

tatiyna3 years ago

4 0

$\bf \textit{Continuous Compounding Amount}\\\\
A=Pe^{rt}\qquad \begin{cases}
A=\textit{accumulated amount}\\
P=\textit{original amount deposited}\to& \$410\\
r=rate\to 8\%\to \frac{8}{100}\to &0.08\\
t=years\to &10
\end{cases}$

so, that gives you the compounded amount, after 10 years, if you want to know how much interest was earned? well, just subtract the Principal from the Amount, or A - P <--- that's how much interest was earned

Damm [24]3 years ago

4 0

Answer:

it is A-P

Step-by-step explanation:

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