Answer
Makes sense.
Work Step by Step
The model for contiuous compounding is $ A=Pe^{rt}$, where P is the initially invested amount, r is the annual rate, and t is the time in years.
Makes sense.
Precalculus (6th Edition) Blitzer
by Blitzer, Robert F.
Published by
Pearson
ISBN 10:
0-13446-914-3
ISBN 13:
978-0-13446-914-0
Chapter 3 - Section 3.1 - Exponential Functions - Exercise Set - Page 451: 86
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