Mary earned some money doing odd jobs last summer and put it in a savings account that earns 4% interest compounded continuously. After 1 year, there is 600.00 in the account. How much did Mary earn doing odd jobs?

Solución

Solución

Principal : 576.47

Pasos de solución

Translate the problem into an equation:

600 = P e^{0.04 \cdot 1}

Resolver para

P, 600 = P e^{0.04 \cdot 1} : P = 576.47

Principal : 576.47

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