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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 near…

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 near…
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3 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).

User Buddy Christ
by
9.3k points

1 Answer

1 vote

Answer:

$48,464.91

Explanation:

User Ridge
by
7.8k points
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