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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.

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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