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Yakvenalex [24]
3 years ago
14

If you deposit $1,000 ir an account that pays 6% annual interest compounded continuously, what will the balance be after five ye

ars?
Mathematics
1 answer:
alexira [117]3 years ago
7 0

Answer:

If you know 6% of 1000 is 60 so each year 60 will add so 60x5 is 300 so you will earn 300 in 5 years.

Step-by-step explanation:

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