Wednesday

April 16, 2014

April 16, 2014

Posted by **Me** on Wednesday, January 16, 2013 at 6:34pm.

- Math -
**Ms. Sue**, Wednesday, January 16, 2013 at 6:36pmWhat does a represent?

- Math -
**Damon**, Wednesday, January 16, 2013 at 6:50pmPRINCIPAL , not principle (they sound the same but are very different)

Now you do not say but I suppose you are doing continuous compounding for 0.75 years at 3% ????

If so

A = P e^(rt)

here A = 2556.25

r = 0.03

t = 0.75

2556.25 = P e^(.0225)

2556.25 = P * 1.02276

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