If $5000 is invested at 8% compounded continuously, what is the amount after 3 years? The amount after 3 years will be $. (Round to the nearest cent.)

Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter2: Equations, Inequalities, And Problem Solving
Section2.S: Summary
Problem 8S: What interest rate would you need to get to double an investment of 200 in eight years?
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Amount after 3years in $ will be what?

Also, round to the nearest cent.

If $5000 is invested at 8% compounded continuously, what is the amount after 3 years?
The amount after 3 years will be $.
(Round to the nearest cent.)
Transcribed Image Text:If $5000 is invested at 8% compounded continuously, what is the amount after 3 years? The amount after 3 years will be $. (Round to the nearest cent.)
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