ritzfamily3 ritzfamily3

14-06-2019
Mathematics

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$200 is deposited into an account that is compounded continuously at a rate
of 8%. How much money will be in the account in 25 years? Round to the
nearest cent.

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Allosaurian Allosaurian

14-06-2019

Answer: A (25) = $1477. 81

Step-by-step explanation:

A (t) = pe^rt

A (25) = $200 e^. 08 (25)

A (25) = $200 e^2

A (25) = $200 (7.38905609893)

A (25) = $1477. 81

Hope this helps!

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