If $315 is invested at an interest rate of 3% per year and is compounded continuously, how much will the investment be worth in 9 years? use the continuous compound interest formula: a = pert.
$206.23
$412.64
$2,343.56
$4,687.11

Step-by-step explanation:

we know that

The formula to calculate continuously compounded interest is equal to

where  

A is the Final Investment Value  

P is the Principal amount of money to be invested  

r is the rate of interest in decimal  

t is Number of Time Periods  

e is the mathematical constant number

we have  

substitute in the formula above