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Science
:
Math Exam Resources/Courses/MATH104/December 2016/Question 01 (b)/Hint 1
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From UBC Wiki
<
Science:Math Exam Resources
|
Courses/MATH104
|
December 2016
|
Question 01 (b)
Recall the continuously compounded interest formula:
A
=
P
e
r
t
,
{\displaystyle A=Pe^{rt},}
where
A
{\displaystyle A}
is the future value after
t
{\displaystyle t}
years
P
{\displaystyle P}
is the principal
r
{\displaystyle r}
is the annual interest rate