Core Concept Continuously Compounded Interest
When interest is compounded continuously, the amount A in an account after
1 years is given by the formula
A = Per
where P is the principal and r is the annual interest rate expressed as a decimal.
You invest $5000 in an account to save for college.
The account pays 5% annually and compounds continuously.
What would be the account balance after 8 years.

Finally, the arena decides to offer advertising space on the jerseys of the arena’s own amateur volley ball team. the arena wants the probability of being shortlisted to be 0.14. what is this as a percentage and a fraction? what is the probability of not being shortlisted? give your answer as a decimal. those shortlisted are entered into a final game of chance. there are six balls in a bag (2 blue balls, 2 green balls and 2 golden balls). to win, a company needs to take out two golden balls. the first ball is not replaced. what is the probability of any company winning advertising space on their volley ball team jerseys?