How much would $500 invested at 4% compounded continuously be worth after 7 years

Question

asked Jan 10, 2019 206k views

2 Answers

Pfleidi · Answer 1 · 2019-01-14T12:29:42+0000

661.56

To find this, use the equation A = Pe^rt.

A being the final answer, P being principle or initial, r being rate, and t being time.

Set it up as so: A = 500e^.04x7

Once put into the calculator, it should pop out the answer as given above.

Hope this helps!