a php 2500 is deposited for 6 years at the rates of 2% in the first to the third year, for the fourth year 5% and for the fifth and sixth year 6% all compounded continuously. What is the amount in total at the end of the 6 years?
a php 2500 is deposited for 6 years at the rates of 2% in the first to the third year, for the fourth year 5% and for the fifth and sixth year 6% all compounded continuously. What is the amount in total at the end of the 6 years?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![a php 2500 is deposited
for 6 years at the rates
of 2% in the first to the
third year, for the fourth
year 5% and for the fifth
and sixth year 6% all
compounded
continuously. What is
the amount in total at
the end of the 6 years?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5683742a-2e4a-4edd-bfc4-5e0cc9936c4e%2F0387dd2c-33dc-4878-a583-8888ed6284d8%2Friw0pnu_processed.jpeg&w=3840&q=75)
Transcribed Image Text:a php 2500 is deposited
for 6 years at the rates
of 2% in the first to the
third year, for the fourth
year 5% and for the fifth
and sixth year 6% all
compounded
continuously. What is
the amount in total at
the end of the 6 years?
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