How much would $500 invested at 6% interest compounded continuously be worth after 4 years? round your answer to the nearest cent

It would be $ 635.62.

Step-by-step explanation:

Since, when an amount is increasing compound continuously,

Then the amount after t years,

Where P is the principal amount,

r is the annual rate,

Here, P = $ 500,

r = 6 % = 0.06,

t = 4 years,

Thus, the amount after 4 years,

Hence, $500 would be $ 635.62 after 4 years with the rate of 6% compounded continuously.

2x^2+5x+17

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