Question

How much would $100 invested at 8% interest compounded continuously be worth after 15 years? Round your answer to the nearest cent.
a(t) = p * e^rt
I got 326.193819415
A. $317.22
B. $285.67
C. $332.01
D. $220.00
What does it go to now?

Answer 1

Would it be A? @pooja195

Answer 2

hmm im not sure about this one maybe @kidrah69 or @hartnn can help :)

Answer 3

i hope so! I'm only on q14 of q25 and want to get a B on this test.

Answer 4

oh its a test

Answer 5

\(\Large 100e^{15\times 0.08}\)

Answer 6

test questions arent allowed

Answer 7

how did u get 326?

Answer 8

\(\Large 100e^{15\times 0.08}\)
gives something else :)

Answer 9

Oh @pooja195 Sorry :(

Answer 10

I typed in 100e x ^(0.08 x 15) and thats how i got my answer of 326

Answer 11

maybe it calculated 100e first

please calculate
e^(15*0.08)

then multiply the result by 100

Answer 12

Ohhhh!! Ok I see how that works. I got 332.01
thanks for the help

Answer 13

correct!
and welcome ^_^