Find the amount of money accumulated after investing a principle P for years t at interest rate r, compounded continuously. P = $15,500 r=9.5% t=12 Round your answer to the nearest cent (hundredth).

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Memuna asked Sep 10, 2023

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39 votes

Find the amount of money

accumulated after investing a
principle P for years t at interest
rate r, compounded continuously.
P = $15,500 r=9.5% t=12
Round your answer to the nearest cent (hundredth).

Mathematics
high-school

Memuna asked Sep 10, 2023

by Memuna

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9 votes

Answer:

$48,464.91

Explanation:

Kavya Mugali answered Sep 13, 2023

by Kavya Mugali

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