abbycoolidge
abbycoolidge abbycoolidge
  • 17-05-2017
  • Mathematics
contestada

Use the formula A=Pe^rt to find the following: $1000 is deposited in a savings account earning 4% interest compounded continously. The money is left for 12 years. How much money do you have at the end of the 12 years?

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Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 20-05-2017
A=1,000×e^(0.04×12)
A=1,616.07
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