FunkyGoblins101 FunkyGoblins101

28-11-2018
Mathematics

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If $396 I'd invested at an interest rate of 13% per year and is compounded continuously, how much will the investment be worth in 3 years.

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28-11-2018

1042.44 but I might be wrong

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gaochang gaochang

29-11-2018

You have to use the continuous compounding formula with the constant “e” on a calculator.

396e^(0.13 x 3)

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