write an algebraic expression for the interest earned on a $15000 deposit for a t months at 1.75% interest, compunded continuous
ly
1 answer:
Y=15000 e^(0.0175×t/12)
Y future value
15000 present value
E constant
1.75/100=0.0175 Interest rate
T time
12 number of months in a year
Hope it helps!
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