In the equation above c is a constantly . if n =5 , what is the value of c ?
2 answers:
You might be interested in
Answer: $ 55
Step-by-step explanation:
When interest is compounded continuously, the final amount will be
When interest is compounded daily, the final amount will be
, where P= Principal , r = rate of interest , t = time
For Hunter , P= $750, r =
t = 18 years
For London , P= $750, r =
t = 18 years
Difference = $ 2471.48 - $ 2416.24 =$ 55.24≈$ 55
Hence, Hunter would have $ 55 more than London in his account .