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.
Algebra ->
Customizable Word Problem Solvers
-> Finance
-> 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.
Log On
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...
You can put this solution on YOUR website! How much would $200 invested at 10% interest compounded continuously be worth after 10 years?
-----------
FV = $543.66
(