Mathematics, 17.11.2020 20:40 Tonyang1742
Question 10 (5 points)
An initial deposit of $4000 is made in a savings account for which the interest is compounded continuously.
The balance will triple in 13 years.
Which formula do you use? A, B, or C?
A = P(1+3)"A = P(rate)
A) A = Pet B
What is the annual interest rate? (round to the tenth of a percent)
Find the balance after 25 years. $.
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Answers: 3
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Question 10 (5 points)
An initial deposit of $4000 is made in a savings account for which the inter...
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