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would it be more propper to combine the exponent when writing it so that it is 3000e^.16
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matt394

by matt394 at March 01, 2010

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I'm not sure what you mean by "combine the exponent", but I think you should remember that as long as the new expression that you write is equivalent, it should be "OK".
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McMayer McMayer March 02, 2010

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Continuous compounding interest on a principal P is usually expressed as A = P*e^r*t  where r is the interest rate in decimal and time is normally in years.  Since I don't know the original problem I'm guessing you had principal P = $3000 so I expect your answer is correct as is stands.
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Adrian105 Adrian105 March 02, 2010

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