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If $625 is invested at an interest rate of 7% per year and is compounded continuously, how much will the investment be worth in 12 years? Use the continuous compound interest formula: A = Pert a $1,447.
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If $625 is invested at an interest rate of 7% per year and is compounded continuously, how much will the investment be worth in 12 years? Use the continuous compound interest formula: A = Pert

a $1,447.73

b $1,477.72

c $2,895.46

d $2,955.44

User FBergo
by
8.7k points

2 Answers

5 votes

Answer:

a. $1,447.73

Explanation:

User Anthropomo
by
8.1k points
3 votes
Answer would be b I think sorry if it’s wrong
User Hugh W
by
8.0k points
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