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yKpoI14uk [10]
3 years ago
7

Help please?? If you deposit $750 in an account that pays 8% annual interest compounded continuously, what will the balance be a

fter five years?
Mathematics
1 answer:
Stella [2.4K]3 years ago
7 0
The formula of a continuous compound interest is
A=p e^rt
A the balance?
P present value 750
E constant
R interest rate 0.08
T time 5 years
A=750×e^(0.08×5)
A=1,118.87
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