Engineering Board Exam Reviewer · Continuous Compounding · medium
Find the compound amount of P10,000 invested at 6% compounded continuously for 5 years.
- P13,498.60
- P13,382.30
- P13,000.00
- P14,000.00
Answer
A. P13,498.60
Solution
A=Pert=10000e0.06(5)=10000e0.3 P13,498.60.
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