Question

If $190 is invested at an interest rate of 11% per year and is compounded continuously, how much will the investment be worth in 4 years? Use the continuous compound interest formula: A = Pert.

a. $198.55
b. $209.51
c. $295.01
d. $2,950.14

Answer 1

Got it correct on quiz.

Explanation:

Its $295.01!

Answer 2

answer is c) 295.01

hope this helps