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Please walk me through compounding interest continuously.

Please walk me through compounding interest continuously.-example-1
User Brian
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Principal Amount = P = $500
Interest rate = r = 9% = 0.09
Time in years = t = 4

Worth after 4 years = A(t)

Using the given formula:


A(t)=Pe^(rt) \\ \\ A(t)=500e^(0.09*4) =716.66

Thus, the worth of the account after 4 years will be $716.66

User CSharpAtl
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