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11Alexandr11 [23.1K]
3 years ago
9

if you were to place 2500 in a savings account that pays 5% interest compounded continuously, how much money will you have after

10 years
Mathematics
1 answer:
Vesnalui [34]3 years ago
6 0
The formula is
A=p e^rt
A future value?
P present value 2500
E constant
R interest rate 0.05
T time 10 years
A=2,500×e^(0.05×10)
A=4,121.80
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