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09-04-2021
Mathematics

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2. Find the amount in an account where $500 is invested at 2.5% compounded continuously for a period of 10 years

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09-04-2021

Answer:

A = 642.01

Step-by-step explanation:

Given:

P = 500

r = 2.5% or 0.025

t = 10

Work:

[tex]A=Pe^{rt}\\\\A=500e^{0.025*10}\\\\A=500e^{0.25}\\\\A=642.01[/tex]

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