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(Solved): Use A=Pe^(rt) where: A= the amortized amount (total amount of the investment interest plus principle ...
Use
A=Pe^(rt)where:
A=the amortized amount (total amount of the investment interest plus principle)
P=the amount of the principal
r=the annual rate of interest (as a decimal)
t=the time in years Find the amount owed at the end of 2 years if 1100 is loaned at a rate of
10%compounded continuously.
◻(Round answer to 2 decimal places. No dollar signs or commas.)
