Finance/ MAth
posted by tabby on .
find the balance after 15 years of a $2500 investment earning 5.5% interest compounded continuously
Someone show me how to do this, please?!

P = Po*e^rt.
r = 0.055 = APR expressed as decimal.
t = 15 Years.
rt = 0.055*15 = 0.825.
P = 2500*e^0.825 = $5704.70.