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How much would $500 invested at 3%interest compounded conntuously be worth after 6 years
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1 vote
How much would $500 invested at 3%interest compounded conntuously be worth after 6 years

User Jason Li
by
6.7k points

2 Answers

6 votes

Answer: 598

Explanation:

User Vetrivel
by
7.5k points
3 votes

6 * 3 = 18% in 6 years

500 * 0.18

500 + 90 = 590 is your answer

Hope I'm right. Enjoy

User Matphy
by
8.2k points
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