Raymond B. answered 07/11/25
Math, microeconomics or criminal justice
FV = Poe^rt where Po = original amount. FV = Future amount r=rate of increase per day, t=number of days, e = an irrational number = about 2.7. Use the formula for compound growth/decay, compounded continuously
at time t=0, Po =FV= 7
in 2 weeks, at time t =14, Po = 7, FV= 7(e^(.4)(14))
in 20 days, at time t=20, Po=7, FV = 7(e^(.4)(20))
= 7(e^8) = about 20,867 on May 14, 2009