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Mathematics 14 Online
OpenStudy (anonymous):

Emma receives $7750 and invests it in an account that earns 4% interest compounded continuously. What is the total amount of her investment after 5 years?

OpenStudy (retireed):

What does compounded continuously mean? Do you have an equation in your notes?

OpenStudy (retireed):

Never mind I found it.

OpenStudy (retireed):

A = P e^(rt) What seems to be the problem ? Looks pretty straightforward, you know P, use r as a decimal and t is given in years. You will have to use a calculator, either handheld or on-line to solve the equation. If you just want an answer, somebody else will have help you. I require you to do the work and will help you with any difficulties.

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