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How much would $300 invested at 7% interest compounded continuously be worth after 4 years? Round your answer to the nearest cent.

Respuesta :

Aliwohaish12
Hi there

The formula of compounded continuously is
A=pe^rt
A future value?
P present value 300
R interest rate 0.07
T time 4 years
E constant

So
A=300×e^(0.07×4)
A=396.9 round your answer to get
A=397

Good luck!

Answer:$396.93


Step-by-step explanation: