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Samatha received $500 as a graduation present and decides to invest it in an account that is

compounded continuously. How much will be in the account at the end of 5 years if the interest
rate is 3%?

1 Answer

4 votes

Answer:

Explanation:

m= month

3÷100= 0.03

0.03×500=$15

$15/m

$15×5×12=$900

$500-$900=

Answer: -$400

User Chris Dellinger
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