If $5000 is invested in a savings account that earns 3% interest compounding
Chapter 5, Problem 71(choose chapter or problem)
If $5000 is invested in a savings account that earns 3% interest compounding continuously, how much will be in the account in 6 months? Solution: Write the compound continuous interest formula. A Pert Substitute P 5000, r 0.03, and t 6. A 5000e(0.03)(6) Simplify. A 5986.09 This is incorrect. What mistake was made? In Ex
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