If $2000 is invested in a savings account that earns 2.5% interest compounding
Chapter 5, Problem 70(choose chapter or problem)
If $2000 is invested in a savings account that earns 2.5% interest compounding continuously, how much will be in the account in one year? Solution: Write the compound continuous interest formula. A Pert Substitute P 2000, r 2.5, and t 1. A 2000e(2.5)(1) Simplify. A 24,364.99 This is incorrect. What mistake was made? 72. I
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