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19 September, 03:53

Suppose you invest $2000 at an annual interest rate of 5.1% compounded continuously. How much will you have in the account after 3 years?

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  1. 19 September, 05:51
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    Interest = Principal * Rate * Time

    Interest = 2000 * 5.1% * 3

    Total = Interest + Principal

    306 + 2000 = $2,306
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