Engineering Board Exam Reviewer · Continuous Compounding · easy
Find the amount of P5,000 invested at 9% compounded continuously for 8 years.
- P10,272.17
- P9,962.81
- P8,600
- P5,470.87
Answer
A. P10,272.17
Solution
F=Pert=5,000e0.09(8)=5,000e0.72=P10,272.17.
More Continuous Compounding questions
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