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isabua
28.07.2019 •
Mathematics
Suppose you invest $2000 at an annual interest rate of 5.1% compounded continuously. how much will you have in the account after 3 years?
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Ответ:
We are given
initial amount is $2000
so,![P=2000](/tpl/images/0144/0557/1d277.png)
annual interest rate is 5.1%
so,![r=0.051](/tpl/images/0144/0557/84aea.png)
time is 3 years
so,![t=3](/tpl/images/0144/0557/2492b.png)
it is compounded continuously
so, we can use amount formula
where A is amount after t years
P is initial amount
r is interest rate
t is time in years
now, we can plug values
we get
So, Amount after 3 years is $2330.65.........Answer
Ответ: