Solve & calculate A=PeRT

Question

Calculate how much money Carlos has after 7 years if he originally invested $8400 at 7.7% compounded continously. Use A=Pe^rt.

Answer 1

Hello! When plugging this in your starting amount would be your P which is $8400. Your r is your rate turned into a decimal so it would be .077 and your t is your time which is 7 years. e is actually a mathematical symbol that can be found on most calculators. What you would type in is 8400e^.077*7 and this would give you the answer. If this helped feel free to contact me for further help.

Answer 2

A = (8400)(e^(.077)(7))