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galben [10]
3 years ago
6

Solve the problem.

Mathematics
1 answer:
ELEN [110]3 years ago
5 0
Um, I never learn this, sorry but I’m in online class
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What is the compounded interest if $410 is invested for 10 years at 8% compounded continuously
tatiyna
\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}

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