Miguel’s bank is offering savings accounts with 4% interest compounded continuously, if miguel invests $500 how much will he have after 2 years

After 2 years Miguel will have in his account $541.64

Step-by-step explanation:

The formula for calculating compound interest continuously is:

Where A is the amount of money obtained after t years.

r is the compound interest rate and p is the initial amount

In this case we have that:

Then we must find the final amount A

saving = more money

step-by-step explanation:

if you have 100 bucks, and you want to buy a candy bar, even if you have one at home, if you choose not to buy it, you save.

~courtney