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Mathematics 12 Online
OpenStudy (anonymous):

suppose you invest $2500 at an annual interest rate of 3% compunded continuously. how much will you have after 7 years? round to nearest $

OpenStudy (anonymous):

\[A(t) = Pe^{rt}\] P = $2500 r = .03 t = 7 \[A(t) = $2500*e^{.21} = $3084\]

OpenStudy (anonymous):

\[2500e^{0.03*7}\]

OpenStudy (anonymous):

=$30.842

OpenStudy (anonymous):

sorry; $ 3084 not $30.842

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