Question

If P dollars is deposited in a savings account that pays interest at a rate of r% per year compounded continuously, find the balance after t years. (Round your answer to the nearest cent.) P = 800, r = 6 1/4, t = 6 How much money, invested at an interest rate of r% per year compounded continuously, will amount to A dollars after t years? (Round your answer to the nearest cent.) A = 100,000, r = 3.8, t = 20

          If P dollars is deposited in a savings account that pays interest at a rate of r% per year compounded continuously, find the balance after t years. (Round your answer to the nearest cent.)
P = 800, r = 6 1/4, t = 6
How much money, invested at an interest rate of r% per year compounded continuously, will amount to A dollars after t years? (Round your answer to the nearest cent.)
A = 100,000, r = 3.8, t = 20

If P dollars is deposited in a savings account that pays interest at a rate of r% per year compounded continuously, find the balance after t years. (Round your answer to the nearest cent.)
P = 800, r = 6 1/4, t = 6
How much money, invested at an interest rate of r% per year compounded continuously, will amount to A dollars after t years? (Round your answer to the nearest cent.)
A = 100,000, r = 3.8, t = 20

Added by Andrew A.

Precalculus with Limits

Ron Larson 2nd Edition

Instant Answer

Solved by Expert Chittaranjan Sahoo

12/28/2021

Step 1

25% compounded continuously. Given: P = $800, r = 6.25% = 0.0625, t = 6 years Using the formula for continuous compounding: A = P * e^(rt) A = 800 * e^(0.0625 * 6) A = 800 * e^(0.375) A ≈ 800 * 1.45528 A ≈ $1164.22 Therefore, the balance after 6 years is Show more…

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