How much would $140 invested at 6% interest compounded monthly be worth after 15 years?

How much would $140 invested at 6% interest compounded monthly be worth after 15 years? Round your answer to the nearest cent.

A(t) = P (1+r/n)^rt

A. $266.00

B. $335.52

C. $343.57

D. $150.88

The answer is C: $140 invested at 6% interest compounded monthly be worth $343.57 after 15 years.

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How much would $125 invested at 8% interest compounded continuously be worth after 16 years?

How much would $125 invested at 8% interest compounded continuously be worth after 16 years? Round your answer to the nearest cent.

A(t) = P * e^rt


A. $367.26

B. $428.24

C. $449.58

D. $285.00


How much would $125 invested at 8% interest compounded continuously be worth after 16 years?


Plug all values into the equation to find your answer:




A(t) = 125e^(.08 * 16) = $449.58


The answer is C: $449.58


Apex sucks. Math doesn't when you can apply it to daily life!

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