## Related questions with answers

Question

Suppose an amount P is invested at an interest rate r and A is the amount after t years.

(a) Write an expression for A if the interest is compounded n times per year.

(b) Write an expression for A if the interest is compounded continuously.

Solution

VerifiedAnswered 2 years ago

Answered 2 years ago

Step 1

1 of 3Given: $P$ is invested at an interest rate $r$ and $A$ is the amount after $t$ years.

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