If 5,000,000 is invested at 4% interest compounded continuely, how much will the investment be worth in 30 years

If 5,000,000 is invested at 4% interest compounded continuously

For compounded continuously we use formula

 P = principal amount (the initial amount you borrow or deposit)  

r  = annual rate of interest (as a decimal)

t  = number of years  

Given P = 5,000,000 , t=30,

Now plug in all the values in the formula

= 5,000,000* 3.32012=16600584.61

the investment be worth in 30 years will be  16,600,584.61

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step-by-step explanation:

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