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23 April, 20:16

Tom invests $10,000 in a savings account that offers 3.5 percent interest, compounded continuously.

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Answers (2)
  1. 23 April, 20:21
    0
    A=Pe^ (rt) is the formula for continuously compounded interest

    A = 10,000e^ (.035t)

    Need the time to calculate the interest.
  2. 23 April, 20:37
    0
    10000 (1.035) * x is the equation to fond the answer
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