Seudónimo Seudónimo
  • 08-01-2018
  • Mathematics
contestada

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

Respuesta :

altavistard
altavistard altavistard
  • 09-01-2018
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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