Aaliyah invested $350 in an account paying an interest rate of 4% compounded continuously. Assuming no deposits or withdrawals are made, how much money, to the nearest dollar, would be in the account after 20 years?
Aaliyah invested $350 in an account paying an interest rate of 4% compounded continuously. Assuming no deposits or withdrawals are made, how much money, to the nearest dollar, would be in the account after 20 years?
Chapter5: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 37CT: On the day a grandchild is born, a grandparent deposits $2500 in a fund earning 7.5% interest,...
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Aaliyah invested $350 in an account paying an interest rate of 4% compounded
continuously. Assuming no deposits or withdrawals are made, how much money, to
the nearest dollar, would be in the account after 20 years?
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