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24 February, 18:17

How much would $300 invested at 7% interest compounded continuously be

worth after 4 years? Round your answer to the nearest cent.

A (t) = P*e^rt

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Answers (1)
  1. 24 February, 18:42
    0
    To find the simple interest, we multiply 300 * 0.07 * 4 to get that:

    The interest is: $84.00
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