How much would $500 invested at 8% interest compounded continuously be worth after 3 years? round your answer to the nearest cent?

It would be worth $635,62.

Step-by-step explanation:

The amount that you will have saved after t years is given by the following equation.

In which P(t) is the amount after t years, P(0) is the initial amount invested and r is the interest rate, as a decimal.

In this problem, we have that:

So

It would be worth $635,62.

step-by-step explanation:

the original amount doesn't ''re just looking for the time it takes for 1/2 of the substance to we have

(1/2) =)     take the ln   of both sides

ln (1/2)   = )   and we can write

ln(1/2) = ) lne     and lne   = 1     so we have

ln(1/2) = -.1092t     divide both sides by -.1092

t = ln(1/2)/-.1092 = about 6.347 days = about 6.3 days (rounded)

dalila is incorrect. the whisker on the left is very long, going all the way out to 5. the whisker goes from 5 to 30, so it has a spread of 25. the rest of the box plot values are closer together, so 5 is an outlier