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aliina [53]
3 years ago
7

How much would 400$ invested at 9% interest compounded continuously be worth after 3 years

Mathematics
1 answer:
ryzh [129]3 years ago
3 0

Answer:

=

$

518.01

Explanation:

compound interest formula $A = P*(1+R)^n#

P

=

$

400

,

r

=

.09

,

n

=

3

Substituting the values, we get A =  

400

⋅

(

1.09

)

3

=

$

518.01


From my alt account from, https://socratic.org/questions/how-much-would-400-invested-at-9-interest-compounded-continuously-be-worth-after

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