The Formula for Finding the Amount an Investment Grows to If

question 10

Short Answer

The formula for finding the amount an investment grows to if it is compounded continuously is A = Pert, A is the accumulated amount, P is the principal invested, e is the natural exponent, r is the rate per year, and t is the number of years. Find the accumulated amount A if $10,000 is compounded continuously for 3 years at 8% per year.

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Definitions:

Shared Responsibility Model

A newer approach to safety in the workplace that assumes the best way to reduce accident rates relies on the cooperation of the employer and the employees (who may be represented by a union).

Safety of Members

Measures and practices in place to ensure the physical well-being and health of members within an organization or group.

Compensation Payments

Financial remuneration issued to individuals for loss, injury, or suffering, often related to employment or insurance claims.

Workplace Accident Rates

Statistical measures that indicate the frequency or number of accidents occurring within a workplace over a certain period of time.