Thread: compounded continously

achieve a million dollars in 30 years at 6% interest compounded continously

Originally Posted by jenzbears

achieve a million dollars in 30 years at 6% interest compounded continously

the formula for continuous compounding is the same as that for bacterial growth.



where is the amount at time t, is the initial amount, is the rate of interest, and is the time.

you want to solve for


the formula is usually written as though. A is for amount, P is for principle