Question

How much would $100 invested at 8% interest compounded continuously be worth after 15 years? Round your answer to the nearest cent.

Answer 1

Answer:

On Apex it is $332.01

Step-by-step explanation:

A(t)=P*e^rt

A(15)=100*e^0.08(15)

A(15)= 332.01

Answer 2

$100\%+8\%=108\%=1.08\\\\\ 100\cdot1.08^{15}\approx\ 317.22\leftarrow answer$