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ale4655 [162]
2 years ago
6

Calculate how much money Carlos has after 4 years if he originally invested $3675 at 8.3% compounded continuously. Use Pe rt, wh

ere A is the final amount, P is the original amount deposited, r is the interest rate, and t is the number of years.
Mathematics
1 answer:
Norma-Jean [14]2 years ago
5 0

Answer:

$5122.04

Step-by-step explanation:

Continous interest formula:

P*e^{rt}=A

we have

3675*e^{4*.083}\\3675*1.39375284861\\5122.04171828

Which rounds to

5122.04

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