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Anthony has $3750 that he wants to invest. He plans to leave the money there for 9 years. If his investment gets 6.35% interest compounded continuously, how much will he have at the end of 9 years? Round your answer to the nearest whole number?​

Respuesta :

sreedevi102

Answer:

[tex]A= P(1+\frac{r}{n})^{nt}[/tex]

P = 3750

r = 6.35% = 0.0635

n = 365

t = 9

[tex]A= 3750(1+\frac{0.0635}{365} )^{365*9}\\\\[/tex]

    [tex]= 3750(1+\frac{0.0635}{365})^{3285} = 6640.63[/tex]

Answer  = $6641