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7 September, 00:52

How much would $500 invested at 8% interest compounded continuously be worth after 3 years? Round your answer to the nearest cent.

Alt) - Poet

A. $629.86

B. $620.00

C. $641.28

D. $635.61

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Answers (1)
  1. 7 September, 02:52
    0
    Answer: A/629.86

    Step-by-step explanation:

    500 (1+.08) ^=629.856

    rounding to the nearest cent makes it 629.86
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