What is the compound interest if $470 is invested for 9 years at 10% compounded continuously?

Compound interest formula

P = the principal (the initial amount)

r = annual

interest rate (

expressed

as a decimal)

expressed

as a decimal)

annual

interest rate (

expressed

as a decimal)

n=

number of

interest periods

per year

(see the

table below

for more information)

t=

number of years

P is invested

A=amount after t

years

If investment interest rate is

compounded monthly

, then n = 12

If investment interest rate is

compounded quarterly

, then n = 4

If investment interest rate is

compounded semi-annually

, then n = 2

If investment interest rate is

compounded annually

, then n = 1