# You invest $1000 in an account. How do you find the value of the accounts after 4 years with a 4.2% interest compounded continuously?

##### 1 Answer

Dec 18, 2016

**Amount after** **years will be**

#### Explanation:

Formula for continuously compounded amount is

P=principal=100 , r =rate of interest=4.2% , t=time=4 yrs ; e=2.71828.

Amount after