nate069992 nate069992
  • 21-04-2020
  • Mathematics
contestada

Suppose that $7,000 is invested at an interest rate of 6%, compounded continuously. Find the amount in the account after five years if no withdrawals are made

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racheldale07
racheldale07 racheldale07
  • 21-04-2020

Answer:

9100

Step-by-step explanation:

I=Prt

I=7,000(.06)5

I=420(5)

I=2,100

2,100+7,000=9,100

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anthonylemus908
anthonylemus908 anthonylemus908
  • 21-04-2020
9100 is the answer to this problem
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