How much would $500 invested at 5% interest compounded continuously be worth after 4 years? Round your answer to the nearest cent

asked Jan 27, 2022 172k views

3 votes

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2 votes

Answer:

$610.70

Explanation:

a = pe^(rt)

a = 500
e^(.05 * 4)

a = $610.70

Camickr answered Feb 1, 2022

4.8k points

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