Question

Please help me? Compound interest, check my answer?

Answer 1

not sure if this is right, got confused

Answer 2

Do you know the correct formula for continuously compounded interest?

Answer 3

@kropot72 no

Answer 4

graze, that is not corret

Answer 5

oh, my bad, it says continuously

Answer 6

The correct formula to use is as follows:
\[\large A=Pe^{rt}\]\

Answer 7

@kropot72 I'm not sure what to plug in for the variables

Answer 8

P is the principal, e is the exponential number, r is the annual interest rate expressed as a decimal and t is the time in years.

Answer 9

@kropot72 Can you check my answer after I try to work this problem out again then

Answer 10

please

Answer 11

\[\large A=400\times e^{(0.076\times1.5)}\]

Answer 12

Please post your result and I'll let you know.

Answer 13

@kropot72 I got 446 again, the school listed that answer as wrong...