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algebra

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Jennifer invested $2,500 in an account earning 3.5% interest compounded continuosly. How much money will she have in the account after 15 years?

  • algebra - ,

    Pt = Po*e^rt.

    rt = (3.5%/100%) * 15 = 0.525,

    Pt = $2500*e^0.525 = $4226.15.

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