Question

If $535 is invested at an interest rate of 6% per year and is compounded continuously, how much will the investment be worth in 10 years?

Answer 1

A=Pe^(rt)



A=535*e^(0.06*10)



A=535*e^(0.6)



A=535*1.82211880039051



A=974.833558208922



A=974.83


So the account will be worth $974.83 in ten years.

Answer 2

Thank you!<3

Answer 3

you're welcome