Answer:
Final amount after three years will be $523.46
Step-by-step explanation:
If $400 have been invested at 9% interest compounded continuously for 3 years then we have to calculate the final amount.
Final amount [tex]A=A_{0}(1+r/n)^{nt}[/tex]
By putting the values in the formula
[tex]A=400(1+9/1200)^{36}=400(1+.0075)^{36}=400(1.3086)=523.46[/tex]
Therefore $523.46 will be the amount after 3 years.
