Use the continuous compound interest formula to find the indicated value. P= $8,000 r=4.31 t= 8 years. What is A??

Chloe Arnold

Chloe Arnold

Answered question

2022-10-19

Use the continuous compound interest formula to find the indicated value.
P= $8,000 r=4.31 t= 8 years. What is A??

Answer & Explanation

Kaylee Evans

Kaylee Evans

Beginner2022-10-20Added 20 answers

Answer:
A ( t ) = P e r t = 8000 e ( 4.31 100 ) ( t ) = 8000 e 0.0431 ( t ) = 8000 e 0.3448 A = 11293.7

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