Jun has decided to save money roughly P25 per week. Suppose he makes weekly deposits of this money into a bank account that pays annual interest of 10% compounded continuously. What will be the balance of the account in 2 years? *

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 6RE: Hsu-Mei wants to save 5,000 for a down paymenton a car. To the nearest dollar, how much will sheneed...
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Jun has decided to save money
roughly P25 per week. Suppose he
makes weekly deposits of this money
into a bank account that pays annual
interest of 10% compounded
continuously. What will be the
balance of the account in 2 years?
Transcribed Image Text:Jun has decided to save money roughly P25 per week. Suppose he makes weekly deposits of this money into a bank account that pays annual interest of 10% compounded continuously. What will be the balance of the account in 2 years?
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