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2 years ago

13

How much money, invested at an interest rate of r % per year compounded continuously, will amount to A dollars after t years? (R

ound your answer to the nearest cent.)
A = 17,000, r = 4.3, t = 3

1 answer:

Talja [164]2 years ago

6 0

A=A(1+r/100)^t
a=17000(1+.043)^3
a=19.288.65
a is your money after 3 years

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Note 1: A more general solution is $y = Ce^x$ for some constant C.
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