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nasty-shy [4]
2 years ago
9

How much would $600 invested at 8% interest compounded continuously worth after 3 years?

Mathematics
1 answer:
densk [106]2 years ago
6 0

Answer:

a \:  =  \: pe ^{rt}

a = 600e^{(.08)(3)}

a = 762.75 \: dollars

Since the question stated that the interest is compounded continuously, we know that Euler number is required

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