24.8k views
5 votes
The Natural Base, e

You invest $500 at 3.25% interest rate compounded continuously for 11.6 years.

1 Answer

3 votes

500* e^(0.0325*11.6)\approx728.95

assuming you're asked to find out the value of the investment after 11.6 years given an interest rate of 3.25% compounded continuously.
User Nate Totten
by
5.9k points