Your friend deposits $1900 in an account that earns 6% compounded continuously. What will her balance be after 2 years?

Question

Your friend deposits $1900 in an account that earns 6% compounded continuously. What will her balance be after 2 years?

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Thanh Thu 5 years 2021-08-13T14:23:31+00:00 1 Answers 38 views 0

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  1. Thunguyet
    0
    2021-08-13T14:25:09+00:00
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    Answer:

    $2,128

    Step-by-step explanation:

    6% + 6% = 12%  

    12% x 1900 = 228  

    1900 + 228 = 2128  

    her account balance will be $2128 after 2 years

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