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August 28, 2015

Homework Help: algebra

Posted by Andrea on Wednesday, December 12, 2012 at 10:50am.

In an episode from the TV show Futurama, Phillip J. Fry had $0.93 in his bank account in 2000. In the year 3000 it had grown to $4.3 billion! What was the percent interest rate (to three decimal places) if it had been continuously compounded? What was the percent interest rate (to three decimal places) if it had been compounded quarterly?

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