How much would $300 invested at 7% interest compounded continuously be worth after 4 years

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asked Aug 9, 2018 120k views

2 Answers

Justin Van Horne · Answer 1 · 2018-08-13T18:39:20+0000

The formula of compound continuously is
A=p e^rt
A future value?
P present value 300
R interest rate 0.07
T 4 years
E constant
A=300×e^(0.07×4)
A=396.94 round your answer to get
A=397

How much would $300 invested at 7% interest compounded continuously be worth after 4 years

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