If you invest $600 at 5% interest compounded continuously, how much would you make after 6 years?

809.915$

Step-by-step explanation:

Amount of money = Principal x e^(rate x year)

                              = 600 x e^(0.05 x 6)

                              = 809.915$

$809.92

Step-by-step explanation:

(see attached for reference)

Recall that the formula for compound interest (compounded continuously) is

A = P e^(rt)

where,

A = final amount (we are asked to find this)

P = principal = given as $600

r = interest rate = 5% = 0.05

t = time = 6 years

e = 2.71828 (mathematical constant)

Substituting the known values into the equation:

A = P e^(rt)

= 600 e^(0.05 x 6)

= 600 (2.71828)^(0.30)

= $809.92

7. d. 64

8. i. 32

9. c. 125

10. j. none of the above

11. d. 81

12. i. 216

13. e. none of the above

14. g. 240

15. e. none of the above

16. g. 32

17.   e. none of the above

mk./km: lm

step-by-step explanation:

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