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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?
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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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