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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Originally Posted by beetz 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
OH DUUUUH! I think I've done too much math for one day.
Originally Posted by beetz OH DUUUUH! I think I've done too much math for one day. probably
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