amount of 1500 is invest for 5 years at the rate of 2% for the first two years, 5% for the third year and 6% for te fourth and fifth year all componded continuously. what is the total amount of the 5 year?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 4PT: An investment account was opened with aninitial deposit of 9,600 and earns 7.4 interest,compounded...
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an amount of 1500 is invest for 5 years at the rate of 2% for the first two years, 5% for the third year and 6% for te fourth and fifth year all componded continuously. what is the total amount of the 5 year?

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