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15 Jul 2020
The formula Upper A equals Upper P e Superscript rtA=Pert describes the accumulated value, A, of a sum of money, P, the principal, after t years at annual percentage rate r (in decimal form) compounded continuously. Complete the table for a savings account subject to continuous compounding. Amount Invested Annual Interest Rate Accumulated Amount Time t in Years $55005500 88% Double the amount invested ?
The formula Upper A equals Upper P e Superscript rtA=Pert describes the accumulated value, A, of a sum of money, P, the principal, after t years at annual percentage rate r (in decimal form) compounded continuously. Complete the table for a savings account subject to continuous compounding. Amount Invested Annual Interest Rate Accumulated Amount Time t in Years $55005500 88% Double the amount invested ?
2 Jun 2021
