SOLUTION: How much would $400 invested at -7% interest compounded continuously be worth after 2 years?
Algebra.Com
Question 861130: How much would $400 invested at -7% interest compounded continuously be worth after 2 years?
Answer by jim_thompson5910(35256) (Show Source): You can put this solution on YOUR website!
I think you meant to say "positive 7% interest" (not negative).
A = P*e^(r*t)
A = 400*e^(0.07*2)
A = 460.109519543 ... Use a calculator here.
A = 460.11 ... Round to the nearest penny
So you'll have $460.11 in the account in 2 years.
RELATED QUESTIONS
How much would $100 invested at 4% interest compounded continuously be worth after 7... (answered by ewatrrr)
Continuously Compounded Interest:
How much would $900 invested at 6% interest... (answered by ankor@dixie-net.com)
How much would $100 invested at 4% interest compounded annually be worth after 7... (answered by FrankM)
how much would $400 be worth after 16 years if it were invested at 3% interest compounded (answered by Fombitz)
How much would $400 be worth after 16 years, if it were invested at 3% interest... (answered by nerdybill)
How much would $150 invested at 8% interest compounded continuously be worth after 17... (answered by stanbon)
How much would $300 invested at 9% interest compounded continuously be worth after 3... (answered by nerdybill)
How much would $140 invested at 6% interest compounded annually be worth after 15... (answered by checkley77)
How much would $200 invested at 6% interest compounded annually be worth after 5 years... (answered by checkley79)