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Beliebt Word Problems >

900 are deposited in an account with 4%interest rate, compounded continuously.What is the balance after 10 years?

Lösung

900 a re d e p os i t e d in an a cco u n t w i t h 4% in t eres t r a t e, co m p o u n d e d co n t in u o u s l y . Wha t i s t h e ba l an ce a f t er 10 ye a rs ?

Lösung

Amount : 1342.64

Schritte zur Lösung

Translate the problem into an equation:

A = 900 e^{0.04 \cdot 10}

900 e^{0.04 \cdot 10} = 1342.64222 \dots

Round to the nearest hundredth:

1342.64

Amount : 1342.64

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