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Mathematics 20 Online
OpenStudy (anonymous):

HELP PLEASE!!!!!!!!! How much money invested at 5% compounded continuously for 3 years will yield $820?

OpenStudy (anonymous):

Hi! Need help?

OpenStudy (anonymous):

Yes :P

OpenStudy (mathmate):

Hint: Let P=investment then solve for P in \(820=Pe^{rt}\) where r=annual rate = 5%=0.05, t=number of years = 3 and e=2.7182818284...

OpenStudy (anonymous):

Ok, sorry I was off for a while! Anyway this is a typical interest problem. Do you know the interest for all values? Each variable has an equation that must be used in order to find its value.

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