4. find the interest earned on $50,000 deposited for 6 years at 1% % interest,
compounded cont...
Mathematics, 22.10.2019 01:00 jayy1474
4. find the interest earned on $50,000 deposited for 6 years at 1% % interest,
compounded continuously. round to the nearest cent.
5. whitney deposits $9,000 for 2 years. she compares two different banks. state
bank will pay her 2.1% interest, compounded monthly. kings savings will pay
her 2.01% interest, compounded continuously. round to the nearest cent.
a. how much interest does state bank pay?
b. how much interest does kings savings pay?
c. which bank pays higher interest? how much higher?
Answers: 3
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1) you deposit $2,500 in an account that earns 4% simple interest. how much do you earn in eight years?
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