A = Pe^rt, what is e p=princ. r=rate t=tiime e=?
e is a number
ohhhh
so would i multiply or eponent first?
the base of the natural log it is like \(\pi\) in that it is not rational (not a fraction) it is also "transcendental" meaning it is not the solution to a polynomial with integer coefficients
use a calculator do you have a specific question?
uuhhh somewhat
You invested $15,000 in a bank at 8% interest compounded continually. Use the exponential function A = Pert, where A is the amount, P is the principle, r is the rate of interest and t is the number of years. Complete the table given below. Number of years Amount of Money (in dollars) 0 0 1 2 3 4 5
its Pe^rt
can u help with at least 3 years
\[A(1)=15,000\times e^{.08}\]
ok
you can use that as a template for finding 3, 4, 5, etc
i got 19.2
A(1)=15,000×e^.08 what do i do next?
would e and time be the same thing
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