Mathematics, 15.07.2019 08:00 gluanete
How much would $200 invested at 5% interest compounded continuously be worth after 9 years? round your answer to the nearest cent a(t) = p(1+r/n)^nt a. $207.63 b. $313.37 c. $363.82 d. $310.27
Answers: 1
where A(t) is the amount after all the compounding is done, P is the initial investment, r is the interest rate expressed as a decimal, and t is the time in years. Our formula then is filled in accordingly where P = 200, r = .05 and t = 9. 
 and 
. e is Euler's number and there is a button on your calculator for it. If you hit 2nd and the ln button you get "e^ " on your display. Enter .45 as your exponent and then multiply that by 200. That gives us a value of $313.67 (your answer is $313.37...did you type the choice incorrectly, maybe?)Another question on Mathematics
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How much would $200 invested at 5% interest compounded continuously be worth after 9 years? round y...
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