You open a savings account and deposit $2,000. after 1 year of earning continuously compounded interest, your balance is $2,026.17. after 2 years, the balance is $2,052.68. assuming you make no deposits or withdrawals, find the equation for the best-fitting exponential function to represent the balance of the account after x years. how much money will be in the account after 10 years?

rate = 1.3085%

Amount after 10 years with no withdrawals nor deposits : 2,277.66

Explanation:

the formula for compound interest is as follow:

We plug our values and solve for rate:

r  = 2,026.17 /2,000 - 1 = 0.013085 = 1.3085%

in ten years we have:

Amount = 2,277.66

with other organizations is non-related business

Explanation: both would be able to explains and help one another while, co branding is not done with customers, with an organization in the same business is like helping your competition, and same with related to the businesses