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12-06-2017
Mathematics

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how much would 200 invested at 5% interest compound continously be worth after 9 years?

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Aliwohaish12 Aliwohaish12

12-06-2017

Hi there
The formula is
A=pe^rt
A future value?
P present value 200
R interest rate 0.05
T time 9 years

A=200×e^(0.05×9)
A=313.66

Hope it helps

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