Question

How much would $150 invested at 8% interest compounded continuously be worth after 17 years? Round your answer to the nearest cent.
A(t)= P•e^rt
A. $471.39
B. $555.00
C. $354.00
D. $584.43

Answer 1

9514 1404 393

Answer:

  D.  $584.43

Step-by-step explanation:

Using the given formula with the given values, we find ...

  A(17) = 150·e^(0.08·17) = 584.43