Math

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Emma receives $7750 and invests it in an account that earns 4% interest
compounded continuously. What is the total amount of her investment after 5 years?

  • Math -

    P = Po*e^rt.

    P = Principal amt. after 5 yrs.

    Po = $7750 = Initial investment.

    rt = (4%/100%)*5 = 0.20.

    Solve for P.
    Answer: $9465.87.

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