If $535 is invested at an interest rate of 6% per year and is compounded continuously, how much will the investment be worth in 10 years?

$1307.12
$974.83
$973.38
$403.43

Question

If $535 is invested at an interest rate of 6% per year and is compounded continuously, how much will the investment be worth in 10 years? 

 	
	$1307.12
	$974.83
	$973.38
	$403.43

vera_ewing · Answer

What does "compounded" mean?

anonymous · Answer

make up (a composite whole); constitute.

hero · Answer

The formula for compound interest is $$A = Pe^{rt}$$

Where P is the principal, r is the rate (in decimal form) and t is the time in years.