suppose you invest $2000 at an annual interest rate of 5.1% compounded continuously. how much will you have in the account after 3 years?
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Interest=
Invested money+time+Interest rate
100
=2000×3×5.1
100
=20×3×5.1[By cancelling 2000 & 100]
=60×5.1
=306
So,after 3 years,the account will have
=$(2000+306)
=$2306
Ans:$2306.
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