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Math Help - Bank problem

  1. #1
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    Bank problem

    Marcie deposited 500$ in the bank. If the interest rate=10.5% and is compounded continuously, how much money will she have after 2.5 years?

    I know N=500e^(.105)(2.5), but I don't know where to go from there.
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  2. #2
    is up to his old tricks again! Jhevon's Avatar
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    Quote Originally Posted by beetz View Post
    Marcie deposited 500$ in the bank. If the interest rate=10.5% and is compounded continuously, how much money will she have after 2.5 years?

    I know N=500e^(.105)(2.5), but I don't know where to go from there.
    well, plug it into your calculator to calculate N, which is approximately $650.09
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  3. #3
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    OH DUUUUH!
    I think I've done too much math for one day.
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  4. #4
    is up to his old tricks again! Jhevon's Avatar
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    Quote Originally Posted by beetz View Post
    OH DUUUUH!
    I think I've done too much math for one day.
    probably
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