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Alchen [17]
3 years ago
8

If you put $1,500 in a savings account that pays 4% interest compounded continuously, how much money will you have in your accou

nt in 5 years? Assume you make no additional deposits or withdrawals.
Mathematics
2 answers:
nalin [4]3 years ago
7 0
A=pe^rt
A=1,500×e^(0.04×5)
A=1,832.10
garri49 [273]3 years ago
4 0
Assuming its monthly interest then you will have 3600 dollars over the course of five years
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