Shawn opened a savings account 1 year ago. The account earns 4% interest, compounded continuously. If the current balance is 100.00, how much did he deposit initially?

Solución

Solución

Principal : 96.08

Pasos de solución

Translate the problem into an equation:

100 = P e^{0.04 \cdot 1}

Resolver para

P, 100 = P e^{0.04 \cdot 1} : P = 96.08

Principal : 96.08

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