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8 November, 23:18

How much money invested at 5% compounded continuously for 3 years will yield at $820?

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  1. 8 November, 23:46
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    Percentage of interest at which the money is invested = 5%

    Time for which the money is invested = 3 years

    The final amount after 3 years = $820

    Let us assume the principal amount = x dollars

    We can conclude that the principal amount invested was $708.35.
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