Question

How much more would be in an account that has interest compounded continuously rather than anally if the initial deposit is $500 and the yearly interest rate is 7% for 10 years?

Answer 1

p = 500

r = 7%

t = 10

P × R × T = 500 × 7 × 10 = 5 × 7 × 10 = 350

100 100

Answer 2

Heya mate!!

$\frac{500 \times 7 \times 10}{100} \\ 350$

Hope it helps u dear✌️✌️