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Solution: Interest Find the compound amounts for the deposit
Chapter , Problem 95A(choose chapter or problem)
QUESTION:
Interest Find the compound amounts for the deposit if interest is compounded continuously.How long will it take for $2100 deposited at 4% compounded quarterly to double? To triple?
Questions & Answers
QUESTION:
Interest Find the compound amounts for the deposit if interest is compounded continuously.How long will it take for $2100 deposited at 4% compounded quarterly to double? To triple?
ANSWER:Solution:-Step 1 of 4Given thatWe have to find how long will it take for $2100 deposited at 4% compounded quarterly to double To triple