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mamaluj [8]
2 years ago
13

I need help answering this question please anyone 10points

Mathematics
1 answer:
irina1246 [14]2 years ago
5 0

Answer:

30,000

Step-by-step explanation:

just do 3 * 10,000 = the value which would then be 30,000

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A total of $2,000 is invested at an annual interest rate of 2%. Find the balance in the account after
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Answer:

<u>The balance in the account after 10 years is US$ 2,442.81</u>

Step-by-step explanation:

1. Let's review the data given to us for answering the question:

Investment amount = US$ 2,000

Duration of the investment = 10 years

Annual interest rate = 2% compounded continuously

2. Let's find the future value of this investment after 10 years, using the following formula:

FV = PV * eˣ ⁿ

PV = Investment = US$ 2,000

number of periods (n) = 10 (10 years compounded continuously)

rate (x) = 2% = 0.02

e = 2.71828 (Euler's number)

Replacing with the real values, we have:

FV = 2,000 * (2.71828)^0.02*10

FV = 2,000 * 2.71828^0.2

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3 years ago
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Step-by-step explanation:

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