How much would 200 invested at 5 invested compounded continuously be worth after 9 years

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asked Aug 16, 2018 201k views

1 Answer

Optio · Answer 1 · 2018-08-22T20:22:16+0000

A = pe^(rt) is the formula for compounding continuously.
A = amount in the account after period of time.
p= principle
r = rate (change to decimal)
t = time (in years)
e = constant
A = 200e^(.05*9)
A = $313.66

How much would 200 invested at 5 invested compounded continuously be worth after 9 years

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