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Mathematics 8 Online
OpenStudy (anonymous):

If $396 is invested at an interest rate of 13% per year and is compounded continuously, how much will the investment be worth in 3 years?

OpenStudy (tkhunny):

Do you have a formula for the total investment given continuous compounding?

OpenStudy (anonymous):

Would it be \[A(t)=Pe ^{rt}\]

OpenStudy (tkhunny):

What's preventing you from substituting known values? \(P = 396\) \(r = 0.13\) \(t = 3\)

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