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

Question

asked Jul 24, 2018 77.4k views

1 Answer

Raymond Nijland · Answer 1 · 2018-07-28T03:11:22+0000

7% of 300 = 21
7% of 321 = 22.47
7% of 343.47 = 24.04
7% of 367.51 = 25.72
$393.23 (or somewhere close to it, since I rounded it every time)