Section 2.2 (89). Rock Solid Bank & Trust is offering a CD (certificate of deposit) that pays 4% compounded continuously. How much interest would a  $1000 deposit earn over 10  years?

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter8: Sequences, Series,and Probability
Section8.3: Geometric Sequences And Series
Problem 8ECP: An investor deposits $70 on the first day of each month in an account that pays 2 interest,...
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Section 2.2 (89).

Rock Solid Bank & Trust is offering a CD (certificate of deposit) that pays 4% compounded continuously. How much interest would a  $1000 deposit earn over 10  years?

 

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