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____ [38]
3 years ago
9

You invest $500 in an account with an annual interest rate of 1.1%, compounded continuously. How much money is in the account af

ter 15 years?
Mathematics
1 answer:
lozanna [386]3 years ago
8 0
Well if you read the question properly it says annually so take $500 divide it by 100% and times it by 1.1% so that you know what you earn via the interest within 1 year you should get $5.50 then you times that by 15 and the answer is $82.5
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Hope this helps! :)
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Answer:

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Step-by-step explanation:

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Collect like terms

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