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Mathematics, 24.10.2020 04:30 bettybales1986
Joey opened a savings account and deposited $200.00. The account earns 1%
interest, compounded continuously. If he wants to
use the money to buy a new
bicycle in 1 year, how much will he be able to spend on the bike?
Use the formula A = Per, where A is the balance (final amount), P is the
principal (starting amount), e is the base of natural logarithms (~2.71828), r is
the interest rate expressed as a decimal, and t is the time in years.
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Joey opened a savings account and deposited $200.00. The account earns 1%
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