katiegonzalez1 katiegonzalez1

16-05-2020
Mathematics

contestada

compound interest: if 1000$ is compounded continuously at 3% interest, how much money will you have in 5 years? (use the growth formula y=Ce exponent of kt)

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ronhagrid310 ronhagrid310

16-05-2020

Answer:

The money you will have in 5 years: 1000 x (1 + 3/100)^5 = 1159.27$

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