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VARVARA [1.3K]
3 years ago
10

Suppose you invest $5000 at an annual interest rate of 6.3% compounded continuously. How much will you have in the account after

3 years? Round the solution to the nearest dollar.
Mathematics
2 answers:
lisov135 [29]3 years ago
7 0

For this specific problem, you will have <span>$6040.20 </span>in the account after 3 years. I am hoping that this answer has satisfied your query about and it will be able to help you, and if you’d like, feel free to ask another question.

Tanya [424]3 years ago
6 0
After 1 year
5000 * (106.3 / 100)
$ 5315

After 2 years
<span>5315 * (106.3 / 100)
</span>$ 5649.845

<span>After 2 years
</span>5649.845 * (<span>106.3 / 100)
</span>$ 6005.785

So the amount you have in 3 years
$ 6006
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