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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asked Aug 19, 2023 210k views

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).

Mathematics
high-school

Buddy Christ asked

by Buddy Christ

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1 Answer

1 vote

Answer:

$48,464.91

Explanation:

Ridge answered Aug 24, 2023

by Ridge

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