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What is the total amount for an investment of $1000 invested at 5% for 10 years compounded continuously

What is the total amount for an investment of $1000 invested at 5% for 10 years compounded continuously
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What is the total amount for an investment of $1000 invested at 5% for 10 years compounded continuously

User Shivam Sinha
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1 Answer

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Use the formula A = Pe^(rt).

Here, A = $1000*e^(0.05*10) = $1000*e^(0.5) = $1648.72
User BEPP
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