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

Question

anonymous · Answer

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

anonymous · Answer

no

mathmale · Answer

That's your first step.  You might want to do an Internet search for "continuous compounding."  It's essential you have that formula in front of you before we attempt to go any further.

anonymous · Answer

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

anonymous · Answer

if i substitute then and solve i get 550.44 which is not a provided answer