2 years ago

You open a savings account and deposit $1,000. After 1 year of earning continuously compounded interest.

Mathematics

1 answer:

Alenkinab [10]2 years ago

3 0

Answer:

Step-by-step explanation:

$1036.66=1000e^{2r}\\ \\ r=(ln(1.03666))/2\\ \\ r=0.018\\ \\ b(x)=1000e^{(0.018x)}\\ \\ b(10)=1000e^{0.18}=\$ 1197.22$

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sladkih [1.3K]

Answer:

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2 years ago

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max2010maxim [7]

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2 years ago

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Inessa05 [86]

Answer:

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Step-by-step explanation:

We know that:

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Remember:

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and:

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Then:

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2 years ago

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Digiron [165]

Answer:

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3 years ago

Read 2 more answers