Question

How much would $150 invested at 8% interest compounded continuously be worth after 17 years? Round your answer to the nearest cent. Do not include units in your answer.

Answer 1

\[I = Pe^{rt}\]\[I = 150e^{0.08(17)}\]

Answer 2

no

Answer 3

e= 2.718

Answer 4

\[I = 150e^{1.36}\]You're going to need a scientific calculator to do this. Do \(e^{1.36}\) and then multiply by 150. And yes, e ≈ 2.718.

Answer 5

ok