How much wood $700 be worth after eight years if they were invested at 5% interest compounded Continuously

Question

asked Aug 27, 2018 230k views

1 Answer

Shabar · Answer 1 · 2018-09-03T01:52:15+0000

Hi there

The formula is
A=pe^rt
A future value?
P present value 700
R interest rate 0.05
T time 8 years

A=700×e^(0.05×8)
A=1,044.28

Hope it helps