Enter 3 out of 4 below

<-- Accum Value
<-- Principal
<-- Interest %
<-- Time
      

Answer
Success!
Accumulated Value using Continuous Interest = 4048.44

↓Steps Explained:↓

Given a principal of 3700,
an interest rate of 1.5%,
and time of 6

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 = 3700(2.718281828459)0.09

Accumulated Value = 3700 x 1.0941742837052

Calculate the total interest earned:

Total Interest Earned = Accumulated Value - Principal

Total Interest Earned = 4048.44 - 3700

Total Interest Earned = 348.44

Calculate the interest earned:

Interest per Period  =  Interest Earned
  t

Interest per Period  =  348.44
  6

Interest per period = 58.073333333333

Final Answer

Accumulated Value using Continuous Interest = 4048.44
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