In the formula A(t) = Pe for continuously compound interest, the letters P, r, and t stand for --Select--- %3D ---Select--- respectively, and A(t) stands for -Select--- compounded continuously, then the amount after 2 years is $ (Round your answer to the nearest cent.)

College Algebra
7th Edition
ISBN:9781305115545
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
Problem 2E
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In the formula A(t) = Pet for continuously compound interest, the letters P, r, andt stand for --Select---
---Select---
%3D
and
--Select---
respectively, and A(t) stands for -Select---
So if $300 is invested at an interest rate of 6%
compounded continuously, then the amount after 2 years is $
. (Round your answer to the nearest cent.)
Transcribed Image Text:In the formula A(t) = Pet for continuously compound interest, the letters P, r, andt stand for --Select--- ---Select--- %3D and --Select--- respectively, and A(t) stands for -Select--- So if $300 is invested at an interest rate of 6% compounded continuously, then the amount after 2 years is $ . (Round your answer to the nearest cent.)
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