Suppose you invest $300 at annual interest rate of 4.5% compounded continuously.
how much will you have in the account after 7.5 years?

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  

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5.7622

step-by-step explanation:

the ten thousandths place is the 2. you round it up if, that number in whatever place is 5 or higher.