An account pays interest at a continuous compounded rate of 0.05 per year. Continuous deposits are made to the account at a rate of 1000 per year for 6 years, and then at a rate 2000 per year for the next 4 years. What is the balance at the end of 10 years?

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section: Chapter Questions
Problem 48CR
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An account pays interest at a continuous compounded rate of 0.05 per year. Continuous deposits are made to the account at a rate of 1000 per year for 6 years, and then at a rate 2000 per year for the next 4 years. What is the balance at the end of 10 years?

 

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