Math Problem Statement
What is the accumulated amount after 10 years of Php 2,000 invested at the rate of 15% per year compounded continuously?
Solution
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Math Problem Analysis
Mathematical Concepts
Continuous Compounding
Exponential Growth
Formulas
A = P * e^(rt)
Theorems
Exponential growth theorem
Euler's number in finance
Suitable Grade Level
College level
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