Find the accumulated amount at the end of 3 yr if a sum of


Question: CONTINUOUSLY COMPOUNDED INTEREST If a principal of P dollars is deposited in an account earning interest at the rate of r/year compounded continuously, then the accumulated amount at the end of t yr is given by

A = f(P, r, t) = Pert

Dollars. Find the accumulated amount at the end of 3 yr if a sum of $10,000 is deposited in an account earning interest at the rate of 6%/year.

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Mathematics: Find the accumulated amount at the end of 3 yr if a sum of
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