SOLUTION: 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 form

Algebra.Com
Question 1152668: 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 = Pert

Answer by Edwin McCravy(20060)   (Show Source): You can put this solution on YOUR website!
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 = Pert
,  ,  ,  







A = $412.64

Edwin

RELATED QUESTIONS

Suppose that $1300 is invested at an interest rate of 4.5% per year, compounded... (answered by lwsshak3)
If $240 is invested at an interest rate of 9% a year and is compounded monthly, how much... (answered by Fombitz,amalm06)
If $7000 is invested at an interest rate of 6.5% per year, compounded monthly, how long... (answered by Alan3354)
How long will it take for an investment of $1000 to double in value if the interest rate... (answered by robertb)
How long it will take for an investment of 2000 dollars to double in value if the... (answered by stanbon)
How long it will take for an investment of 2000 dollars to double in value if the... (answered by graphmatics,MathTherapy)
find the balance in an account if $24000 is invested at an interest rate of 6.75% per... (answered by robertb)
I have a problem setting up the equation for these 2 word problems. Any help would be... (answered by vleith)
Suppose $2000 is invested at 5.75% annual interest compounded continuously for 20 months. (answered by rfer)