Continuous compound interest
P = principal amount (initial investment) r = annual interest rate (as a decimal) t = number of years A = amount after time t. e.g:--An amount of $2,340.00 is deposited in a bank paying an annual interest rate of 3.1%, compounded continuously. Find the balance after 3 years. Solution:--Use the continuous compound interest formula, A = Pe rt ... ................
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