Question

What is the compounded interest if $410 is invested for 10 years at 8% compounded continuously

Answer 1

it is A-P

Explanation:

Answer 2

`\bf \textit{Continuous Compounding Amount}\\\\ A=Pe^(rt)\qquad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\to& \$410\\ r=rate\to 8\%\to (8)/(100)\to &0.08\\ t=years\to &10 \end{cases}`

so, that gives you the compounded amount, after 10 years, if you want to know how much interest was earned? well, just subtract the Principal from the Amount, or A - P <--- that's how much interest was earned