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OpenStudy (anonymous):
How much would $300 invested at 9% interest compounded continuously be worth after 3 years? Round your answer to the nearest cent.
A. $392.98
B. $381.00
C. $306.11
D. $364.18
OpenStudy (anonymous):
a(t)=p*e ^rt
rebeccaxhawaii (rebeccaxhawaii):
okay so plug in 9 to r because that is the rate
3 to t because that is time
and 300 to p because that is the principal
rebeccaxhawaii (rebeccaxhawaii):
e = 2.718
OpenStudy (anonymous):
so it would be c
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rebeccaxhawaii (rebeccaxhawaii):
lemme check
OpenStudy (anonymous):
k
rebeccaxhawaii (rebeccaxhawaii):
i believe you are right
rebeccaxhawaii (rebeccaxhawaii):
Please click "best response" for the person that helped you the most, this just shows the appreciation for the time they took to assist.
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