mathleaks.com mathleaks.com Start chapters home Start History history History expand_more
{{ item.displayTitle }}
navigate_next
No history yet!
Progress & Statistics equalizer Progress expand_more
Student
navigate_next
Teacher
navigate_next
Expand menu menu_open Minimize
{{ filterOption.label }}
{{ item.displayTitle }}
{{ item.subject.displayTitle }}
arrow_forward
No results
{{ searchError }}
search
menu_open home
{{ courseTrack.displayTitle }}
{{ statistics.percent }}% Sign in to view progress
{{ printedBook.courseTrack.name }} {{ printedBook.name }}
search Use offline Tools apps
Login account_circle menu_open

The Natural Base e

The Natural Base e 1.5 - Solution

arrow_back Return to The Natural Base e
We are asked to find the amount of money that would be in the account with interest compounded continuously in years if we deposited Let's analyze the formula for continuously compounded interest. Here, is the amount in the account after years, is the principal amount invested, and is the annual interest rate. In our case: and Let's substitute these values into the equation and solve it for
There would be around in the account in years.