Answer:
$809.25
Step-by-step explanation:
You are going to want to use the continuous compound interest formula, which is shown below.
<em>A = total</em>
<em>P = principal amount</em>
<em>r = interest rate (decimal)</em>
<em>t = time (years)</em>
<em />
First, lets change 9% into a decimal:
9% -> -> 0.09
Lets plug in the values now:
<u>The investment will be worth $809.25 after 5 years.</u>