Mathematics, 03.04.2021 05:50 jmae811
Suppose that P dollars in principal is invested in an account earning 2.1% interest compounded continuously. At the end of 2 yr, the amount in the account has earned $193.03 in interest.
A) Find the original principal.
B) Using the the original principal from part (a) and the model A = Pe", determine the time required for the investment to reach $6000.
Answers: 2
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Suppose that P dollars in principal is invested in an account earning 2.1% interest compounded conti...
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