If $396 is invested at an interest rate of 13% per year and is compound continuously, how much will the investment be worth in 3 years?

The investment at the end of the period will be $584.89.

Step-by-step explanation:

FV = PV e⁽ⁿˣ⁾

FV = Future Value = ?

PV = Present Value = $396

n = Interest Rate = 13%

x = time in years = 3

e = mathematical constant = 2.7183

FV = 396 x 2.7183⁽⁰°¹³ ˣ ³⁾

FV = 396 x 1.4770

FV = $584.89

step-by-step explanation:

we can use this expression to calculate the energy gain as a particle moves with a field or the energy loss as it moves against it. (note that it is also used to define the electron-volt, a unit of energy equal to that gained by an electron as it falls through a pd of 1 v, i.e. w = 1 ev = 1.6 10-19 c 1 v = 1.6 10-19j).in fact this expression is really nothing more than the statement that potential is the potential energy per unit charge. in this case, v= w/qis simply stating that the change in potential energy(or work done) per unit charge is equal to the change in potential (or potential difference), v.student questions: uniform electric fields2electron beamcathode+5 kvanode0 v