Verified Answer :

soyrbto

if the interest is compound (yearly) then is calculated by 
A = P (1+r)^(t)

then after 3 years the investment will worth

396(1.13)^3 = $571.38

calculista

Answer:

\(\$584.88\)  

Step-by-step explanation:

we know that

The formula to calculate continuously compounded interest  is equal to

\(A=P(e)^{rt}\)  

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  

\(t=3\ years\\ P=\$396\\ r=0.13\)  

substitute in the formula above  

\(A=\$396(e)^{0.13*3}=\$584.88\)  


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