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pimpdaddyroman

  • 4 years ago

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

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

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

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

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

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

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

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

  8. pimpdaddyroman
    • 4 years ago
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    TI-83

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

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

  11. pimpdaddyroman
    • 4 years ago
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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

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

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

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

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

  16. dpaInc
    • 4 years ago
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    552.59

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

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