darron2 darron2

28-11-2016
Mathematics

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How long will it take for a $5,000 investment to grow to it is invested at 4% compounded continuously? Give your answer to the nearest tenth of a year.

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jeweltellezz jeweltellezz

29-11-2016

Income earned over one year is principal * int rate so we have 0.12*A + 0.13*B +0.14*C = 400 and A + B + C = 3000 and A+B = C

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