To find: The amount of interest earned after one year.
Given:
Here, the principal amount
Concept used:
If
And, interest
Calculation:
Given data to calculate the compound amount continuously for one year.
Thus,
And the earned interest is,
interest
interest
interest
Conclusion:
Hence, the interest earned when compounded continuously in one year
Chapter 4 Solutions
Holt Mcdougal Larson Algebra 2: Student Edition 2012
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