How much would $600 invested at 8% interest compounded continuously be worth after 3 years? Round your answer to the nearest cent. A(t) = P * e^(it)
Added by Kevin C.
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08 (since the interest rate is given as 8%) - t = 3 (since we want to know the value after 3 years) A(3) = $600*e^(0.08*3) A(3) = $600*e^(0.24) A(3) = $600*1.271249... A(3) = $763.35 (rounded to the nearest cent) Show more…
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