If $3500 is invested at an interest rate of 5.25% per year, compounded continuously, find the value of the investment after the given number of years.

Question

a. 4 years b. 8 years c. 12 years

Answer 1

I'll do b), you do the others

amount = 3500 e^(8(.0525))
= 3500 e^.42
= 5326.87 , of course I needed a calculator.