Continuously compounded interest A=Pert

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P=500
r= 6%
t= 40 years

Guest Feb 19, 2014

Melody · Answer 1 · 2014-02-19T03:33:28

mitch:
P=500
r= 6%
t= 40 years

You haven't said how often it is compounding. If it is just once a year AND the interest rate is per annum then

S = P(1+r) ⁿ

S = 500*1.06 ⁴⁰

500*1.06^40=