Which exponential expression is equivalent to one below?
1 answer:
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Answer:
After 50 years college will receive a amount of $294570.25
Step-by-step explanation:
We have given deposited amount P = $10000
Rate of interest r = 7 %
Time is given t = 50 years
We have to find the amount after 50 years which college receive
Amount is given by
So after 50 years college will receive a amount of $294570.25