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How much would $300 invested at 9% interest compounded continuously be worth after 3 years? Round your answer to the nearest cent. A(t)=P•e^rt O A. $392.98 O B. $364.18 O C. $30…

How much would $300 invested at 9% interest compounded continuously be worth after 3 years? Round your answer to the nearest cent. A(t)=P•e^rt O A. $392.98 O B. $364.18 O C. $30…
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4 votes
How much would $300 invested at 9% interest compounded continuously be

worth after 3 years? Round your answer to the nearest cent.
A(t)=P•e^rt
O A. $392.98
O B. $364.18
O C. $306.11
O D. $381.00

asked
User Shloime
by
8.6k points

1 Answer

2 votes

Answer:

Use the formula A = Pe^(r*t).

A = $300*e^(0.09*3) = $392.99.

Explanation:

answered
User Anurag Singh
by
8.4k points
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