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April 20, 2014

April 20, 2014

Posted by **james** on Monday, April 23, 2012 at 8:21pm.

- algebra 2 -
**Reiny**, Monday, April 23, 2012 at 9:05pmcontinuous growth is given by the equation

amount = initial e^ (rt) , where r is the annual rate expressed as a decimal

amount = 2500 e^(15(.035))

= 4226.15

( compare that with the amount had it been 3.5% per annum compounded annually

amount = 2500(1.035)^15 = 4188.37 )

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