How much would $500 invested at 8% interest compounded continuously be
worth after 3 years? round your answer to the nearest cent.

Step-by-step explanation:

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  

shift 4 units up, and 1 unit left.

it will translate f(x) = 3^x to g(x) = 3^(x+1) + 4