Wolfman2004 Wolfman2004

20-03-2019
Mathematics

contestada

Find the final amount for a $300 investment at $5 interest compounded continuously for 4 years.

Respuesta :

zahraaim29 zahraaim29

20-03-2019

Answer:

The final amount would be about $365

Step-by-step explanation:

The formula for that would be A = P(1+i)^n

A = 300(1.05)^4

A = 300(1.21550625)

A = 364.651875

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