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lizzymikaelson22
23.07.2019 •
Mathematics
If you were to place $2500 in a savings account that pays 3% interest compound continually how much money will you have after 5 years. assume you make no other deposits or withdrawals.
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Ответ:
C. $2904.59
Step-by-step explanation:
Compounded continually means that the principal amount is constantly earning interest and the interest keeps earning on the interest earned.
The formula to apply is
where A is the amount, P is the principal, r is rate of interest, t is time in years and e is the mathematical constant
Taking
e=2.7183, P=$2500, r=3% and t=5 years
Ответ:
Ответ:
x= 1 A
Step-by-step explanation: