Find the final amount for a $300 investment at $5 interest compounded continuously for 4 years.

Question

asked Jan 8, 2020 114k views

1 Answer

Yaa · Answer 1 · 2020-01-15T00:52:34+0000

Answer:

The final amount would be about $365

Explanation:

The formula for that would be A = P(1+i)^n

A = 300(1.05)^4

A = 300(1.21550625)

A = 364.651875