Step 1:

The principal amount $ .

The rate of interest .

The period of time years.

Using compound interest formula  amount .

Compounded times per year.

The total amount is .

Compounded times per year, then the amount

Compounded times per year, then the amount

Compounded times per year, then the amount

Compounded times per year, then the amount

Compounded times per year, then the amount

Continuous compounding the amount .

						continuous

Solution:

						continuous