10 and interpret. P= principle amount (original amount) A= accumulated amount (new amount) r= rate of interest t= time in years Example 6:

10 and interpret. Sec. P= principle amount (original amount) A= accumulated amount (new amount) r= rate of interest t= time in years Example 6: Suppose you deposit $975 into an account that pays interest at a rate of 4.75% compounded continuously. How much would you have in the account at the end of 10 years?