Economy, asked by riya0076, 9 months ago

if you put $1000 into an account with a 20% interest rate, how much money will you have at the end of the year if interest is compounded continously?

Answers

Answered by benudharpradhan64

8

Answer:

money =$1000

interest = 20%

type of interest = compound interest

money is compounded anually for 1 year

$1000 ×20/100= $200

total money $2000

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