Question

Question 6 of 10

How much would $500 invested at 8% interest compounded continuously be
worth after 3 years? Round your answer to the nearest cent.
A(t)- Pet
OA. $635.61
B. $641.28
C. $623.00
D. $629.86
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Answer 1

($500)(e^(.08 × 3)) = $635.62

The correct answer is A.