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andrew11 [14]
3 years ago
8

compound interest: if 1000$ is compounded continuously at 3% interest, how much money will you have in 5 years? (use the growth

formula y=Ce exponent of kt)
Mathematics
1 answer:
USPshnik [31]3 years ago
5 0

Answer:

The money you will have in 5 years: 1000 x (1 + 3/100)^5 = 1159.27$

Hope this helps!

:)

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