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2 years ago

12

You invest $3,200 in an account that pays an interest rate of 7.25%, compounded continuously. Calculate the balance of your acco

unt after 12 years. Round your answer to the nearest hundredth.

1 answer:

a_sh-v [17]2 years ago

6 0

I=prt
i=(3200)(7.25)(12)
i=278400
p+i=$281600

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Answer:= 261.905% increase

Solution:
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Step-by-step explanation:

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Expand the terms in the bracket and simplify

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