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10 May, 12:15

How much would 200$ invested at 4% interest compounded continuously be worth after 5 years?

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  1. 10 May, 14:15
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    Use the formula A = Pe^ (rt).

    Here,

    A = $200e^ (0.04*5) = $200 (1.221) = $244.28 (rounded to the nearest cent)
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