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OpenStudy (anonymous):
How much would $500 invested at 3% interest compounded annually be worth after 6 years?
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OpenStudy (tkhunny):
Do you have an equation for compound interest?
OpenStudy (anonymous):
A (t) = P x e^rt @tkhunny
OpenStudy (anonymous):
597.03
OpenStudy (tkhunny):
Yeah, well that's Continuous Compounding. How about Annual Compounding?
OpenStudy (tkhunny):
A (t) = P * (1+i)^t maybe?
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OpenStudy (anonymous):
I have no clue, sorry @tkhunny
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