Answer :
so
396*0.13=51.48
51.48*3=154.44x100
154.44 divided by 100 100% because % so u need to put100%
154.44/100=1.5444
so the answer is 1.5444
hope it's the best answer
396*0.13=51.48
51.48*3=154.44x100
154.44 divided by 100 100% because % so u need to put100%
154.44/100=1.5444
so the answer is 1.5444
hope it's the best answer
Answer:
[tex]\$584.88[/tex]
Step-by-step explanation:
we know that
The formula to calculate continuously compounded interest is equal to
[tex]A=P(e)^{rt}[/tex]
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
[tex]t=3\ years\\ P=\$396\\ r=0.13[/tex]
substitute in the formula above
[tex]A=\$396(e)^{0.13*3}=\$584.88[/tex]