Invest 2,000 for 20 months 3% interest compounded continously

Question

asked Jan 9, 2018 206k views

1 Answer

Lynette · Answer 1 · 2018-01-14T22:38:01+0000

A=pe^rt
P principle 2000
R interest rate 3/100=0.03
t time 20/12
E constant
A future value

A=2,000×e^(0.03×(20÷12))
A=2,102.54