Question

How much would $500 invested at 8% interest compounded continuously be worth after 4 years?

Answer 1

Answer:It would be $660

Explanation:

500*8%=40

Multiply 500 and 8%

40*4=160

Then multiply 40 and 4

500+160=660

finally add 500 and 160

You should get 660.

Answer 2

It's definitely not $660.00, it's $680.24:)