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You have 500 to invest at 3% continuously compounded. How much do you have in five years

You have 500 to invest at 3% continuously compounded. How much do you have in five years
asked 80.6k views
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You have 500 to invest at 3% continuously compounded. How much do you have in five years

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User Mohannd
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8.5k points

1 Answer

3 votes
The final balance is $580.81.

The total compound interest is $80.81.
answered
User Pseyfert
by
8.1k points
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