Suppose that $1800 is borrowed for three years at an interest rate of 2% per year, compounded continuously. Find the amount owed, assuming no payments are made until the end.

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Vitalygolub asked Dec 22, 2022

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Suppose that $1800 is borrowed for three years at an interest rate of 2% per year, compounded continuously. Find the amount owed, assuming no payments

are made until the end.

Mathematics
high-school

Vitalygolub asked Dec 22, 2022

by Vitalygolub

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7 votes

1908

Explanation:2% of 1800 is 36 36 x 3 is 108 + 1800 =1908

Noam Ben Ari answered Dec 28, 2022

by Noam Ben Ari

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