3 years ago

How much would $600 invested at 8% interest compound continuously be worth after 3 years ?

Mathematics

1 answer:

Liula [17]3 years ago

8 0

Answer:

$762.75

Step-by-step explanation:

The amount is given by the formula ...

A = Pe^(rt) . . . where A is the account balance, P is the principal, r is the annual interest rate, and t is the number of years

Filling in the given values, you get ...

A = $600·e^(.08·3) ≈ $762.75

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