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July 28, 2014

July 28, 2014

Posted by **Student09** on Tuesday, December 4, 2012 at 12:09am.

compounded continuously. What is the total amount of her investment after 5 years?

- Math -
**Henry**, Thursday, December 6, 2012 at 12:40pmP = Po*e^rt.

P = Principal amt. after 5 yrs.

Po = $7750 = Initial investment.

rt = (4%/100%)*5 = 0.20.

Solve for P.

Answer: $9465.87.

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