If $1000 is invested at an interest rate of 3.5% per year, compounded continuous

Algebra
Tutor: None Selected Time limit: 1 Day

If $1000 is invested at an interest rate of 3.5% per year, compounded continuously, find the value of the investment after the given number of years. (Round your answers to the nearest cent.)
(a) 2 years
  

(b) 4 years
 

(c) 12 years

Jul 16th, 2015

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2 years

a) 1072.51


4 years

b) 1150.27


12 years

c) 1521.96


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Jul 17th, 2015

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Jul 16th, 2015
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Jul 16th, 2015
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