jordynkubik8 jordynkubik8

07-01-2021
Mathematics

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you deposit $500 in an account that pays 5% annual interest compound continuously what is the balance after 3 years

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amndebater16 amndebater16

07-01-2021

Answer:

So I= p x r/100 x t

= 500 x 5/100 x 3

= 25 x 3

$75 interest

Balnce will be $575

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