Question
To find the amount $A$ in an account after $t$ years with principal $P$ and an annual interest rate $r$ (in decimal form) compounded continuously, use the formula _____.
Step 1
The principal amount $P$ is the initial amount of money that is being invested or loaned. The annual interest rate $r$ is the percentage of the principal amount that is added to the account each year. The time $t$ is the number of years the money is invested or Show more…
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