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anonymous
 one year ago
You deposit $3000 in an account that pays 5% annual interest compounded continuously. What is the balance after 2 years?
anonymous
 one year ago
You deposit $3000 in an account that pays 5% annual interest compounded continuously. What is the balance after 2 years?

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anonymous
 one year ago
Best ResponseYou've already chosen the best response.0Y=3×2 with exponent ×3

Miracrown
 one year ago
Best ResponseYou've already chosen the best response.1you are absolutely right, but then why did you use 3/4?

Miracrown
 one year ago
Best ResponseYou've already chosen the best response.1so what is going to be the principal in this case?

Miracrown
 one year ago
Best ResponseYou've already chosen the best response.1P = 3000 r = 5% t = 2 Therefore ... \[A = 3000e^{0.05\times2} \]
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