24-07-2017
Mathematics

contestada

How much would $300 invested at 7% interest compounded continuously be worth after 4 years

Respuesta :

Aliwohaish12 Aliwohaish12

24-07-2017

The formula of compound continuously is
A=p e^rt
A future value?
P present value 300
R interest rate 0.07
T 4 years
E constant
A=300×e^(0.07×4)
A=396.94 round your answer to get
A=397

Answer Link

kylothevader kylothevader

07-04-2021

Answer:

$396.93

Step-by-step explanation:

It asks to round to the nearest cent not dollar.

Answer Link

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