How much would $300 invested at 7% interest compounded continuously be worth after 4 years? Round your answer to the nearest cent. A(t) = P*e^rt

asked Aug 1, 2021 87.4k views

3 votes

How much would $300 invested at 7% interest compounded continuously be

worth after 4 years? Round your answer to the nearest cent.
A(t) = P*e^rt

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2 votes

Answer:

To find the simple interest, we multiply 300 × 0.07 × 4 to get that:

The interest is: $84.00

Jacob B answered Aug 6, 2021

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