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Populaire Word Problems >

Find the compound amount and compound interest if 2500 is invested for seven years and interest is compounded continuously at the annual rate 7 3/4 %

Solution

F in d t h e co m p o u n d am o u n t an d co m p o u n d in t eres t i f ​2500 i s in v es t e d f or se v e n ye a rs an d in t eres t i s co m p o u n d e d co n t in u o u s l y a t t h e ann u a l r a t e 7 \frac{3}{4} %

Solution

Amount : 4300.76

Interest : 1800.76

étapes des solutions

Translate the problem into an equation:

4300.76 = 2500 + I

Solutionner pour

I, 4300.76 = 2500 + I : I = 1800.76

Amount : 4300.76

Interest : 1800.76

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