How much would $200 invested at 7% compounded continuously be worth after 5 years

Question

asked Apr 26, 2020 194k views

2 Answers

Vahe Akhsakhalyan · Answer 1 · 2020-04-30T05:17:50+0000

Answer:

$280.51

Explanation:

F= 200(1 + 07)^5

The future worth (F) of the investment at present (P) with a compound interest i after n years is calculated through the equation, F=P x (1 + i)^n