algebra two help (compound continously)?
okay so i understand how to do the other formula (a=p(1+r/n)^n*t)
i just dont get how to do the compound continously formula. and how u enter it in the calculator and stuff
i know the formula is a= pe^rt
and my question says...
ECU also has some plans in which interest is compounded continioulsy at Ecu. How much would your initial deposit there need to be to have the amount you could have with FSB for 2 years which is 1,123.60 dollars
thank you so much for the help
- Steve ALv 78 years agoFavorite Answer
a = pe^rt
1124.60 = p*e^2r
too many unknowns, what is the rate?