Enter 3 out of 4 below
Given a principal of 1000,
an interest rate of 15%,
and time of 9
Calculate the Accumulated Value using Continuous Interest
The formula for Accumulated Value using Continuous Interest is:
Accumulated Value = Pert where e = 2.718281828459
Plugging in our values that we entered, we get:
Accumulated Value = 1000(2.718281828459)(0.15)(9)
Accumulated Value = 1000(2.718281828459)1.35
Accumulated Value = 1000 x 3.857425530697
Calculate the total interest earned:
Total Interest Earned = Accumulated Value - Principal
Total Interest Earned = 3857.43 - 1000
Total Interest Earned = 2857.43
Calculate the interest earned:
| Interest per Period = | Interest Earned |
| t |
| Interest per Period = | 2857.43 |
| 9 |
Interest per period = 317.49222222222
Final Answer
Accumulated Value using Continuous Interest = 3857.43
