Register

How much would $100 invested at 8% interest compounded continuously be worth after 15 years? Round your answer to the nearest cent.

How much would $100 invested at 8% interest compounded continuously be worth after 15 years? Round your answer to the nearest cent.
asked 95.7k views
3 votes
How much would $100 invested at 8% interest compounded continuously be worth after 15 years? Round your answer to the nearest cent.

asked
User Samuel
by
8.4k points

1 Answer

4 votes

Answer:

On Apex it is $332.01

Explanation:

A(t)=P*e^rt

A(15)=100*e^0.08(15)

A(15)= 332.01

answered
User Caleb Denio
by
8.3k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!