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17) Your parents put $2000 into an account when you were born. This account has an interest rate of 8% How much money will be in the account on your 18th birthday if the interes…
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17) Your parents put $2000 into an account when you were born. This account has an interest rate of 8% How much money will be in the account on your 18th birthday if the interes…
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Mar 11, 2023
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17) Your parents put $2000 into an account when you were born. This account has an interest rate of 8%
How much money will be in the account on your 18th birthday if the interest is
a) Compounded annually?
b) Compounded continuously?
Mathematics
college
Jose Alban
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Answer:
a.......4880
Explanation:
b.......180 per year
Korsarq
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Mar 17, 2023
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Korsarq
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