Question

What is the final amount when investing $1400 compounded continuously at 7.5% for 12 years?

Answer 1

Answer:$3334.5

Explanation:

A=p(1+r/100)^n

A=1400(1+7.5/100)^12

A=1400(1.075)^12

A=1400×2.381

A=$3334.5