Answer:
$878.25
Step-by-step explanation:
Continuously compounded interest is:
A = Pe^(rt)
where A is the final amount, P is the initial amount, r is the interest rate, and t is the number of compoundings.
Here, P = 560, r = 0.09, and t = 5.
A = 560e^(0.09×5)
A = 878.25
Brenda need ......... 24 36/48
2 3/4 + 2 3/4 + 2 3/4 + 2 3/4 + 2 3/4 + 2 3/4 + 2 3/4 + 2 3/4 +2 3/4 + 2 /34 + 2 3/4 + 2 3/4 =24 36/48
