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anyanavicka [17]
3 years ago
15

FlybynightSavings.com is offering a savings account that pays 29% compounded continuously. How much interest would a deposit of

$4,000 earn over 10 years?
Mathematics
1 answer:
lilavasa [31]3 years ago
8 0
If that is really supposed to be 29% then
Total = Principal * e^(rate*years)
Total = 4,000 * e^(.29*10)
Total = 4,000 * <span> <span> <span> 18.1741453605 </span> </span> </span>
Total = <span> <span> <span> 72,696.58 </span> </span> </span>


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