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LARAPCALC10 4.6.034.SBS. Determine the principal P that must be invested at interest rate r, compounded continuously, so
Posted: Thu Jul 14, 2022 4:36 pm
by answerhappygod
- Larapcalc10 4 6 034 Sbs Determine The Principal P That Must Be Invested At Interest Rate R Compounded Continuously So 1 (55.71 KiB) Viewed 45 times
LARAPCALC10 4.6.034.SBS. Determine the principal P that must be invested at interest rate r, compounded continuously, so th r=15%,t=35 Step 1: State the quantities given in the problem. Art==15%∣×= Step 2: Substitute the values of A,rr and t into the compound interest formula A=Pe′t. ⇒=Pe (35) Step 3: Divide to isolate P. e3x1400000=P Step 4: Simplify to find P. P:$