How much would $150 invested at 8% interest compounded continuously be worth after 17 years

Mathematics

1 answer:

Umnica [9.8K]2 years ago

7 0

Answer:

Approximately $584.43

Step-by-step explanation:

Your formula is A=Pe^rt

A is what you're looking for, the amount

P is the principal aka what you put into the account: $150

e is the mathematical constant. You'd plug that into your calculator.

r is the rate, you'd put it into the equation as a decimal: 8%=.08

t is the time in years: 17

A=150e^.08x17 <em>you can plug this into your calculator</em>

A=$584.43

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