smitty13 smitty13

07-05-2017
Mathematics

contestada

invest 2,000 for 20 months 3% interest compounded continously

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Aliwohaish12 Aliwohaish12

07-05-2017

A=pe^rt
P principle 2000
R interest rate 3/100=0.03
t time 20/12
E constant
A future value

A=2,000×e^(0.03×(20÷12))
A=2,102.54

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