ddangon7 ddangon7

25-07-2018
Mathematics

contestada

How much would $100 invested at 8% interest compounded continuously be worth after 15 years?

Respuesta :

25-07-2018

13,761 dollars. I checked this with a interest calculator

Answer Link

wolf1728 wolf1728

25-07-2018

Total = Principal * e ^ (rate * years)

Total = 100 * 2.718281828^(.08 * 15)

Total = 100 * 3.3201169221

Total = 332.01169221

Total = 332.01 (rounded)

Source

1728.com/rate2.htm

Answer Link

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