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24 March, 08:35

Paige borrows $4000 at a rate of 12% interest per year. What is the amount due at the end of 3 years if the interest is compounded continuously?

$4,480

$5733.31

$5,733.32

$5,440

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Answers (1)
  1. 24 March, 08:56
    0
    It is 5,440, because you times 4000 by. 03 then you times that answer by 1.12
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