The Formula for Finding the Amount an Investment Grows to If

Short Answer

The formula for finding the amount an investment grows to if it is compounded continuously is A = Pert, A is the accumulated amount, P is the principal invested, e is the natural exponent, r is the rate per year, and t is the number of years. Find the accumulated amount A if $1,500 is compounded continuously for 5 years at 6% per year.