ALGEBRA 2: If $560 is invested at an interest rate of 9% per year and is compounded continuously, how much will the investment be worth in 5 years?

Use the continuous compound interest formula A = Pert.

$250
$685
$878
$1,026

Question

ALGEBRA 2: If $560 is invested at an interest rate of 9% per year and is compounded continuously, how much will the investment be worth in 5 years?

Use the continuous compound interest formula A = Pert.

$250
 $685
 $878
 $1,026

NicktheBlade16 · Answer

@alexis1415

Alexis1415 · Answer

Ok so basically to put it into simple terms,

A=Pert or A=Pe(rt) means A is the final amount, P is the initial amount, r is the interest rate, and t is number of compounding's.

In this case P=560 where as r= 0.09, and finally t=5

So if we take 560(0.09x5) we get A=878.25

Hence it would be C

NicktheBlade16 · Answer

Wow, I wish I could have your math skills. Im only good at three things. Science, History, And  sports.

Alexis1415 · Answer

@nicktheblade16 wrote:

Wow, I wish I could have your math skills. Im only good at three things. Science, History, And sports.

Sometimes I'm good at math, it's just the things i've learned in school recently and have been getting used to remembering but ofcc, the equation was already in the question so all we needed was to use those numbers to find the answer c:

NicktheBlade16 · Answer

Alright, well thank you again and i have one more.