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3 years ago

11

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

nt.

2 answers:

emmainna [20.7K]3 years ago

5 0

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

Elan Coil [88]3 years ago

4 0

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

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