Find the amount after 3 years if $1000 is invested at an interest rate of 12% per year, compounded continuously.

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section: Chapter Questions
Problem 22T
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Problem1.
Find the amount after 3 years if $1000 is
invested at an interest rate of 12% per year,
compounded continuously.
Transcribed Image Text:Problem1. Find the amount after 3 years if $1000 is invested at an interest rate of 12% per year, compounded continuously.
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