If $396 is invested at an interest rate of 13% per year and is compounded continuously, how much will the investment be worth in 3 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  

step- i d k and i d c : )

you: : 0

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