contestada

If $125 is invested at an interest rate of 18% per year and is compounded continuously, how much will the investment be worth in 2 years? Use the continuous compound interest formula A=Pe^rt

Respuesta :

chillywhistle

Answer:

$179.17

Step-by-step explanation:

https://brainly.com/question/12714871

JeanaShupp

Answer: The investment be worth $ 174.05 in 2 years .

Step-by-step explanation:

Given : The principal amount invested  : A= $125

Interest rate : r = 18% =0.18   [ Percent convert into decimal if we divide it by 100]

Time : t = 2 years

The formula to find the accumulated amount if compounded continuously :-

[tex]A=Pe^rt\\\\=(125)(1+0.18)^{2}\\\\= 125 (1.18)^2\\\\ = 125 (1.3924)\\\\=174.05[/tex]

Hence, the investment be worth $ 174.05 in 2 years .

Otras preguntas