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How much would $500 invested at 8% interest compounded continuously be worth after 3 years? Round your answer to the nearest cent.

How much would $500 invested at 8% interest compounded continuously be worth after 3 years? Round your answer to the nearest cent.
asked 12.5k views
2 votes
How much would $500 invested at 8% interest compounded continuously be

worth after 3 years? Round your answer to the nearest cent.

asked
User Jalal Kiswani
by
8.6k points

2 Answers

5 votes

Answer:

120?

Explanation:

SI=PRT/100

=(500X8X3)÷100

= 120

answered
User Triad
by
7.9k points
5 votes

Answer:

The answer would be $635.61

answered
User Abner Samuel
by
7.8k points
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