2. In the formula A(1) = Pe" for continuously compound inter- est, the letters P, r , and t stand for. and , respectively, and A(t) stands for. . So if $100 is invested at an interest rate of 6% compounded continu- ously, then the amount after 2 years is.
2. In the formula A(1) = Pe" for continuously compound inter- est, the letters P, r , and t stand for. and , respectively, and A(t) stands for. . So if $100 is invested at an interest rate of 6% compounded continu- ously, then the amount after 2 years is.
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 4PT: An investment account was opened with aninitial deposit of 9,600 and earns 7.4 interest,compounded...
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In the formula A1t2 Pert for continuously compound interest, the letters P, r , and t stand for , , and
, respectively, and A1t2 stands for . So if
$100 is invested at an interest rate of 6% compounded continu-
ously, then the amount after 2 years is
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