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Strike441 [17]
3 years ago
15

How much would $250 invested at 10% interest compounded continuously be worth after 8 years? Round your answer to the nearest ce

nt. Do not include units in your answer.
Mathematics
1 answer:
Step2247 [10]3 years ago
7 0
For continuous compounding:

A=Pe^(rt)  A=final amount, P=principle, r=annual rate, t=time years

A=250e^(0.1*8)

A=556.39
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