How much money invested at 5% compounded continuously for 3 years will yield at $820?
1 answer:
Answer:
Percentage of interest at which the money is invested = 5%
Time for which the money is invested = 3 years
The final amount after 3 years = $820
Let us assume the principal amount = x dollars
We can conclude that the principal amount invested was $708.35.
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Answer:
x = 10
Step-by-step explanation:
Since L is the midpoint
KL = LM
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