Math Problem Statement

Use the formula

Upper A equals Upper P e Superscript rtA=Pert

to determine the accumulated value when the interest is compounded continuously. Substitute the values of​ P, r​ (in decimal​ form), and t to determine the value of A. Check your work carefully.

Solution

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Math Problem Analysis

Mathematical Concepts

Exponential Growth
Continuous Compounding
Interest Calculation

Formulas

A = Pe^(rt)

Theorems

Continuous Compounding Formula

Suitable Grade Level

Grades 10-12