Answer:
$315.24
Step-by-step explanation:
Principal, P =$262
Rate, r= 3.7% =0.037
Time, t= 5 Years
The Value of the Investment which is compounded continuously is gotten using the formula:
The value of the investment after 5 years is $315.24 to the nearest cent.
Dependent variable is the variable that changes due to the independent variable, independent variable is the variable that scientists change on purpose.