Question

What is the total amount for an investment of $100 invested at 3.5% for 8 years and compounded continuously?

Answer 1

A=Pe^(rt)



A=100*e^(0.035*8)



A=100*e^(0.28)



A=100*1.32312981233744



A=132.312981233744



A=132.31


So the total amount is about $132.31

Answer 2

a = a0 * e^(0.035*8)
= 100 * e^0.28)
= 132.31 dollars