Question

How much would $100 invested at 8% interest compounded continuously be worth after 15 years?

Answer 1

$332.01 is correct via a p e x

Explanation:

Answer 2

The correct formula to use for continuous compounding is:

`A=Pe^(rt)`
where the exponential number e is the base of natural logarithms.

`A=100* e^{(0.08*15)=332.01`
So the amount after 15 years is $332.01