An investment of 50,000 php was made in bank that offers 0.5% interest compounded continuously. Assuming no withdrawals were made, how much will the investment be after 8 years? A 52, 040.54 php 52, 000.000 php (c) 52, 055.84 php 52, 035.35 php
An investment of 50,000 php was made in bank that offers 0.5% interest compounded continuously. Assuming no withdrawals were made, how much will the investment be after 8 years? A 52, 040.54 php 52, 000.000 php (c) 52, 055.84 php 52, 035.35 php
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 5RE: A retirement account is opened with an initialdeposit of 8,500 and earns 8.12 interest compounded...
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Transcribed Image Text:449,041.33 php
Question 2
An investment of 50,000 php was made in bank that offers 0.5% interest compounded
continuously. Assuming no withdrawals were made, how much will the investment be
after 8 years?
52, 040.54 php
52, 000.000 php
52, 055.84 php
52, 035.35 php
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