How does e calculate when solving P=ert

Question

This is really about compounding interest continuously.  What does the "e" stand for and how does it work in the equation?

Answer 1

tu start with, that shood be e^rt

e=the base for natural logs

e=2.718281828459045235360287471352663497...

it take braenee math-man tu figger out how tu pute that number

r=% interest & t=time (yeers)

Thats the formula for kontinyuus kompound

$ hav=start-$*e^rt

but remember 5% become 0.05