carameloyuyu carameloyuyu

23-07-2019
Mathematics

contestada

How much would $500 invested at 5% interest compounded continuously be
worth after 8 years? Round your answer to the nearest cent.
A(t)=p•e^rt

Respuesta :

Аноним Аноним

26-07-2019

Answer:

A = $746 (rounded up to nearest cent)

Step-by-step explanation:

A = P[tex]e^{rt}[/tex]

A = $500 × [tex]e^{0.05(8)}[/tex] = $745.9123488 or $746 (rounded up to nearest cent)

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