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4 years ago

How much would $500 invested at 4% compounded continuously be worth after 7 years

Mathematics

2 answers:

WINSTONCH [101]4 years ago

8 0

661.56

To find this, use the equation A = Pe^rt.

A being the final answer, P being principle or initial, r being rate, and t being time.

Set it up as so: A = 500e^.04x7

Once put into the calculator, it should pop out the answer as given above.

Hope this helps!

Law Incorporation [45]4 years ago

8 0

you will use the formula I=PRT

500*0.04*7=140

after 7 years it will be 640

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