One of the main applications of integration is the concept of growth and
decay in business and economics. If
P0
is invested for
t
years at interest rate
k ,
compounded continuously, then
kt P t P e0
( )
where
P P0
at
t 0
. The value
P
is
called the future value of
P0
cedis invested at interest rate
k
, compounded
continuously for
t
years. Determine the future value of GHc 3650 invested for 3
years at an interest rate of 5%, compounded continuously
