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12 January, 11:08

Paige borrows $4000 at a rate of 12% interest per year. What is the amount due at the end of 3 years if the interest is compounded continuously?

$4,480

$5733.31

$5,733.32

$5,440

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Answers (1)
  1. 12 January, 12:58
    0
    It is 5,440, because you times 4000 by. 03 then you times that answer by 1.12
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