The amount of 1 dollar was put into an account with an annual interest compounded continuously at a rate of 100% . The value of this account after one year?

Question

anonymous · Answer

@xkat Do you know the " interest compounded continuously " formula?

anonymous · Answer

yes. But I don't know if the answer is 2 or e? I'm stuck between those two choices.

anonymous · Answer

Would you like to show your work?

anonymous · Answer

would the setup be A=1e^100(1). Okay I lied, I kinda don't know the formula. Well I know it but don't know where to input the numbers

anonymous · Answer

P = 1, r = 100% = 1, t= 1
Can you plug these into the formula and let me know the result now?

anonymous · Answer

so the 100%=1 and I plug in 1 for r right? if so the answer is 2.71. if I plug in 100% it's 2.688x10^43

anonymous · Answer

How come you make your life so complicated with e and 1 :0
A = Pe^(rt)
   = e

anonymous · Answer

cause i'm not good with math. :P Thank you !

anonymous · Answer

why couldn't my professor put 2.71 as a choice instead of e.... -___-"

anonymous · Answer

In high level of math, decimal number isn't considered as precise result!