Continuously Compounded Interest If a principal of P dollars is deposited in an account earning interest at the rate of rlyear compo then the accumulated amount at the end of t years is given by nded continuousiy, A = f(P, r, t) = Pet dollars. Find the accumulated amount at the end of 6 years if a sum of $10,000 is deposited in an account earning interest at the rate of 10%/year. (Round your answer to the nearest whole number.)

Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter4: Exponential And Logarithmic Functions
Section4.2: The Natural Exponential Function
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Continuously Compounded Interest If a principal of P dollars is deposited in an account earning interest at the rate of r/year compounded continuously,
then the accumulated amount at the end of t years is given by
A = f(P, r, t) = Pert
%3D
dollars. Find the accumulated amount at the end of 6 years if a sum of $10,000 is deposited in an account earning interest at the rate of 10%/year. (Round your
answer to the nearest whole number.)
%24
Transcribed Image Text:Continuously Compounded Interest If a principal of P dollars is deposited in an account earning interest at the rate of r/year compounded continuously, then the accumulated amount at the end of t years is given by A = f(P, r, t) = Pert %3D dollars. Find the accumulated amount at the end of 6 years if a sum of $10,000 is deposited in an account earning interest at the rate of 10%/year. (Round your answer to the nearest whole number.) %24
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