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8 November, 00:10

How long will it take, compounding continuously at 2.5%, for Sally to have a balance of $1,250 if

she invests $1,000? Round answer to the nearest year.

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Answers (1)
  1. 8 November, 02:26
    0
    It will only take 1 year

    Step-by-step explanation:

    By starting with 1000 after the first year you will multiply 1000 by 1.25% which gives you 1,250
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