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