Question

How much would $300 invested at 7% interest compounded continuously be worth after 4 years? Round your answer to the nearest cent. ​

Answer 1

Answer:

8400 cents

Step-by-step explanation:

SI=P×T×R

100

300×4×7

100

=$84

=8400 cents

Answer 2

Answer:

$396.94

Step-by-step explanation:

formula:

$PV*e^{rt}\\300*e^{.07*4}=396.938943701$

which rounds to 396.94