Peter 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?
Peter 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?
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 8RE: Suppose an investment account is opened with aninitial deposit of 10,500 earning 6.25...
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