Suppose that $2700 is borrowed for four years at an interest rate of 3% per year, compounded continuously. Find the amount owed,
1 answer:
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Answer:
Step-by-step explanation:
Given
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Required
Match equivalent expressions
Solving (a):
The expression can be written as:
--- 0
---- 1
--- 2
---- 3
---- 4
For the nth term, the expression is:
---- n
So, the summation is:
Solving (b):
The expression can be written as:
--- 0
---- 1
--- 2
---- 3
---- 4
For the nth term, the expression is:
---- n
So, the summation is:
Solving (c):
The expression can be written as:
--- 0
---- 1
--- 2
---- 3
---- 4
For the nth term, the expression is:
---- n
So, the summation is:
Solving (d):
The expression can be written as:
--- 0
---- 1
--- 2
---- 3
---- 4
For the nth term, the expression is:
---- n
So, the summation is:
