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babunello [35]
2 years ago
8

Suppose you invest $7500 at an annual interest rate of 4.2% compounded continuously. How much will you have in the account after

2 years? Round the solution to the nearest dollar. Suppose you invest $500 at an annual interest rate of 7.1% compounded continuously. How much will you have in the account after 4 years? Round the solution to the nearest dollar..
Mathematics
1 answer:
tatyana61 [14]2 years ago
6 0
<span>Interest=principle x rate x time (in years)
so putting values so
Interest=7500 (.042)(2)
 so
 Interest=630 7500+630=8130
 Interest=500 (.071)(4)
Interest=142 500+142=64
hope it helps</span>
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Answer:

As the model is shown below.

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