jojowilliams28 jojowilliams28

14-05-2020
Mathematics

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Maria invests $6,500 in a savings account that earns 3% interest compounded continuously. What will the balance in her account be after 12 years?

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ronhagrid310 ronhagrid310

14-05-2020

Answer:

After 12 years, Maria will have 6500 x (1 + 3/100)^12 =9267.44$ in her account.

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