Question: CONTINUOUSLY COMPOUNDED INTEREST If a principal of P dollars is deposited in an account earning interest at the rate of r/year compounded continuously, then the accumulated amount at the end of t yr is given by
A = f(P, r, t) = Pert
Dollars. Find the accumulated amount at the end of 3 yr if a sum of $10,000 is deposited in an account earning interest at the rate of 6%/year.