SOLUTION: How much would $200 invested at 10% interest compounded continuously be worth after 10 years? Round your answer to the nearest cent. Do not include units in your answer.

Question 448105: How much would $200 invested at 10% interest compounded continuously be worth after 10 years? Round your answer to the nearest cent. Do not include units in your answer.
Found 2 solutions by jim_thompson5910, Alan3354:
Answer by jim_thompson5910(35256) (Show Source): You can put this solution on YOUR website!
Hint: Use the formula where A is the amount in the account after 't' years where you originally invested P dollars at a rate of 100r percent.

So in this case, P=200, r = 0.1 (note: 10% is 0.1 in decimal form), and t = 10

Note: the term 'e' is not a variable. It is the number 2.71828182846...
Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
How much would $200 invested at 10% interest compounded continuously be worth after 10 years?
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FV = $543.66

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