Question

If $530 is invested at an interest rate of 5% per year and is compounded continuously, how much will the investment be worth in 12 years?

Use the continuous compound interest formula A = Pert.

$557.17
$628.21
$965.72
$1,072.34

Answer 1

Answer:

c

Step-by-step explanation:

using the continously compounded formula, let a be unknown, p= 530, r be 0.05 and t be 12.

the equation would then be a=530e to the (0.05*12)th power, so that's why it's c