Chad earned some money doing odd jobs last summer and put it in a savings account that earns 2% interest compounded continuously. After 9 years, there is 800.00 in the account. How much did Chad earn doing odd jobs?

Solução

Solução

Principal : 668.22

Passos da solução

Translate the problem into an equation:

800 = P e^{0.02 \cdot 9}

Resolver para

P, 800 = P e^{0.02 \cdot 9} : P = 668.22

Principal : 668.22

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