SOLUTION: Find the amount that results from each investment. $40 invested at 7% compounded continuously after a period of 3 years.

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Question 418765: Find the amount that results from each investment.
$40 invested at 7% compounded continuously after a period of 3 years.
Found 2 solutions by Alan3354, ewatrrr:
Answer by Alan3354(69443) About Me  (Show Source):
You can put this solution on YOUR website!
Find the amount that results from each investment.
$40 invested at 7% compounded continuously after a period of 3 years.
------------
= 40%2Ae%5E%280.07%2A3%29
=~ $49.35

Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!


Hi

Finding the amount that results from each investment.

$40 invested at 7% compounded continuously after a period of 3 years.



 A = $40e^(.07*3) = $49.35

Calculator makes short work of the answer