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 = Pe<sup>rt</sup>
<pre>
{{{A=Pe^(rt)}}},  {{{P=315^""}}},  {{{r=0.03^""}}},  {{{t=9^""}}}

{{{A=315e^((0.03)(9))}}}

{{{A=315e^0.27}}}

{{{A=412.638802}}}

A = $412.64

Edwin</pre>