3 years ago

How much would $500 invested at 5% interest compounded continuously be worth after 8 years

Mathematics

1 answer:

SCORPION-xisa [38]3 years ago

8 0

A=Pe^rt
A: Total Amount
P:Principle ($500)
R: Rate 5% in decimal form
T: Time in years

A=500e^(.05*8)

A=745.912348821

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