Ask Question
11 June, 16:48

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

+2
Answers (1)
  1. 11 June, 18:07
    0
    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
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “How much would $300 invested at 7% interest compounded continuously be worth after 4 years ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers