Finite Math Examples

$p = 9000$ , $r = 10 %$ , $t = 2$

Step 1

The future value of an investment can be calculated using the current value, a rate of interest, and the length of time of the investment. This formula computes the interest in continuous time.

$F V = p \cdot e^{r \cdot t}$

Step 2

Insert the known values into the formula.

$F = 9000 \cdot e^{10 % \cdot 2}$

Step 3

Simplify the result.

$F = 10992.62482344$

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