+0  
 
0
607
2
avatar

thank you very much 

 

https://prnt.sc/pmwwhc

 Oct 23, 2019
 #1
avatar
+1

Choice answer B.

 Oct 23, 2019
 #2
avatar+128408 
+1

Compound interest  amount  =

 

5000 ( 1 + .023/12)^(10*12)  =  $6291.61

 

Continuous interest amount  =

 

5000*e^(.023*10)  = $6293

 

 

You should be able to  answer the second question based on this

 

 

 

cool cool cool

 Oct 23, 2019

2 Online Users