03-01-2019
Mathematics

contestada

how much money invested at 5% compounded continuously for 3 years will yield at $820?

Respuesta :

Mammoet Mammoet

03-01-2019

Answer:

Percentage of interest at which the money is invested = 5%

Time for which the money is invested = 3 years

The final amount after 3 years = $820

Let us assume the principal amount = x dollars

We can conclude that the principal amount invested was $708.35.

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