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What is the total amount for an investment of $100 invested at 3.5% for 8 years and compounded continuously? a) $131.68 b) $135.44

What is the total amount for an investment of $100 invested at 3.5% for 8 years and compounded continuously? a) $131.68 b) $135.44
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3 votes
What is the total amount for an investment of $100 invested at 3.5% for 8 years and compounded continuously?

a) $131.68
b) $135.44

asked
User Ofirule
by
8.2k points

1 Answer

2 votes
A=Pe^rt P = 100
r = .035
t = 8
So we have A=100e^8×.035 A=100e^.28 A=132.31
answered
User Jenny Smith
by
7.5k points
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