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

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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) About Me  (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=Pe%5E%28rt%29,  P=315%5E%22%22,  r=0.03%5E%22%22,  t=9%5E%22%22

A=315e%5E%28%280.03%29%289%29%29

A=315e%5E0.27

A=412.638802

A = $412.64

Edwin