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pimpdaddyroman

Use formula A=Pe^rt $500 for 10 years at 10% Please help, I don't know what the e part of the equation is

  • 2 years ago
  • 2 years ago

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  1. slaaibak
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    A=accumulated amount P=initial amount r = continuous force of interest t = time

    • 2 years ago
  2. slaaibak
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    e is the number e on your calculator.

    • 2 years ago
  3. dpaInc
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    e is just a number... about 2.71828...

    • 2 years ago
  4. pimpdaddyroman
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    ooh....okay thanks, can someone solve this so I can make sure I get the correct answer?

    • 2 years ago
  5. dpaInc
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    stick it in your calculator and what do you get?

    • 2 years ago
  6. pimpdaddyroman
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    I can't even find it on my calculator

    • 2 years ago
  7. dpaInc
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    what calculator do you have?

    • 2 years ago
  8. pimpdaddyroman
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    TI-83

    • 2 years ago
  9. dpaInc
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    see th LN button? it's 2nd fn

    • 2 years ago
  10. pimpdaddyroman
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    and does the equation look like this ? 500e^10*10?

    • 2 years ago
  11. pimpdaddyroman
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    yeah, I do the button, it does e( ) what do I put inside? I put 500 inside and it said overflow

    • 2 years ago
  12. dpaInc
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    put in .01 * 10 that is (rate)*(time in years)

    • 2 years ago
  13. dpaInc
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    put the 500 before the e... like in your formula

    • 2 years ago
  14. pimpdaddyroman
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    so 500e^( what do I do next how do I type it in my calculator

    • 2 years ago
  15. pimpdaddyroman
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    I got it now thank you!!

    • 2 years ago
  16. dpaInc
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    552.59

    • 2 years ago
  17. dpaInc
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    do you know what that number represents?

    • 2 years ago
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