Section 2.2 (89). Rock Solid Bank & Trust is offering a CD (certificate of deposit) that pays 4% compounded continuously. How much interest would a  $1000 deposit earn over 10  years?

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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Section 2.2 (89).

Rock Solid Bank & Trust is offering a CD (certificate of deposit) that pays 4% compounded continuously. How much interest would a  $1000 deposit earn over 10  years?

 

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