vazquez60 vazquez60
  • 25-03-2017
  • Mathematics
contestada

what is the compounded interest if $410 is invested for 10 years at 8% compounded continuously

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jdoe0001 jdoe0001
  • 25-03-2017
[tex]\bf \textit{Continuous Compounding Amount}\\\\ A=Pe^{rt}\qquad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\to& \$410\\ r=rate\to 8\%\to \frac{8}{100}\to &0.08\\ t=years\to &10 \end{cases}[/tex]

so, that gives you  the compounded amount, after 10 years, if you want to know how much interest was earned? well, just subtract the Principal from the Amount, or A - P  <--- that's how much interest was earned
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rodesteban06
rodesteban06 rodesteban06
  • 20-05-2019

Answer:

it is A-P

Step-by-step explanation:

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