If 315 is invested at an interest rate of 3 per year and is compounded...

60.1K

Verified Solution

Question

Algebra

image

If 315 is invested at an interest rate of 3 per year and is compounded continuously how much will the investment be worth in 9 years Use the continuous compound interest formula A Pet 206 23 412 64

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

If 315 is invested at an interest rate of 3 per year and is compounded continuously how much will the investment be worth in 9 years Use the continuous compound interest formula A Pet 206 23 412 64

Other questions asked by students