anonymous
  • anonymous
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Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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jamiebookeater
  • jamiebookeater
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anonymous
  • anonymous
I'm not sure if that's right.
anonymous
  • anonymous
I'm trying to figure this out let me see...
jim_thompson5910
  • jim_thompson5910
Use the formula \[\Large A = P\left(1+\frac{r}{n}\right)^{nt}\]

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jim_thompson5910
  • jim_thompson5910
oh sorry, you want continously compounded interest, so you use this one instead \[\Large A = Pe^{rt}\]
anonymous
  • anonymous
okay
anonymous
  • anonymous
hm looked at my book again and I got 448.30
jim_thompson5910
  • jim_thompson5910
yeah I'm getting 448.30084995368 which rounds to 448.30. Nice work
anonymous
  • anonymous
so I would just put down 448? and leave out the 30 then
jim_thompson5910
  • jim_thompson5910
oh right, to the nearest dollar. Yes correct
anonymous
  • anonymous
thanks for your help! :)
jim_thompson5910
  • jim_thompson5910
no problem

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