How much would $500 invested at 4% interest compounded continuously be worth after 7 years, round to the nearest cent
1 answer:
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Hi there!
To find the percent of change we can use the following formula:
Let's fill in our data
Subtract
Divide
And finally multiply
Hence, the percent of change is negative 20%.
~ Hope this helps you!
To find the percent of change we can use the following formula:
Let's fill in our data
Subtract
Divide
And finally multiply
Hence, the percent of change is negative 20%.
~ Hope this helps you!