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 5000 R Form 2012

Nsfw5000 2012-2025 Form

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How to form 5000 r

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Instructions and help about 2012 5000 r

in this tutorial we're going to talk about how to solve problems that deal with interest that's compounded continuously like this one kim invests ten thousand dollars in a mutual fund that grows continuously on average by nine percent per year what will be the value of the account after 10 years to answer this question we need to use a specific formula a is equal to p times e raised to the rt so a is the future value of the account after some time p is the principal it's the amount that's invested in the account right now r is the interest rate as a decimal and t is the time in years now e is a specific number if you type an e into your calculator you get this number it's 2.7182818 so that's the approximate value of e so let's write down what we know the amount invested or the p value is ten thousand the interest rate is nine percent but as a decimal we need to divide that by nine i mean we need to divide nine by a 100 so the valu

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