Mathematics, 01.01.2020 23:31 Batzs3rdacct
The formula to determine continuously compounded interest is a = pe^rt, where a is the amount of
money in the account, p is the initial investment, r is the interest rate, and t is the time, in years.
what equation could be used to determine the value of an account with an $18,000 initial
investment at an interest rate of 1.25% for 24 months?
Answers: 1
(Approximated)
is in years and it gives us a time that is in months.
:
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The formula to determine continuously compounded interest is a = pe^rt, where a is the amount of
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