asked 78.7k views
4 votes
5,ooo invested 5 years 3% interest compounded continuously

asked
User Hbf
by
8.2k points

1 Answer

4 votes
A=pe^rt

A future value
P principle 5000
R interest rate 3/100 =0.03
T time 5 years

A=5,000×e^(0.03×5)
A=5,809.17
answered
User Berendschot
by
8.2k points

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