3 years ago

GIVING 15 PTS HELP PLEASEEEEE

Mathematics

1 answer:

Ivahew [28]3 years ago

3 0

9514 1404 393

Answer:

$2352

Step-by-step explanation:

The second formula applies for continuous compounding. You have ...

P = $1500, r = 0.0225, t = 20

Then ...

A = $1500e^(0.0225·20) ≈ $2352

Ted will have $2352 after 20 years.

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