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

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asked Nov 20, 2022 19.2k views

4 votes

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

Mathematics
high-school

Weepy asked

by Weepy

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2 Answers

2 votes

Answer:

$396.94

Explanation:

formula:

$PV*e^(rt)\\300*e^(.07*4)=396.938943701$

which rounds to 396.94

Nathan Anderson answered Nov 20, 2022

by Nathan Anderson

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3 votes

Answer:

8400 cents

Explanation:

SI=P×T×R

100

300×4×7

100

=$84

=8400 cents

Tien Do Nam answered Nov 24, 2022

by Tien Do Nam

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