Bowen Logan
01/03/2023 · Elementary School
The value of an investment is modeled by the equation \( A = P e^{rt} \), where \( P \) is the principal amount, \( r \) is the annual interest rate, and \( t \) is the time in years. Given that \( P = 1000 \), \( r = 0.05 \), and \( t = 10 \), find the total amount \( A \).
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The total amount \( A \) after 10 years is approximately 1648.72.
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