A robber stole some jewelry in New York, sold it for $10,000.00, and put the money in a bank account in London that earns 13% interest compounded continuously. 5 years later, he was caught and found guilty of grand theft. How much had he earned in interest by then? Round your answer to the nearest cent.
A robber stole some jewelry in New York, sold it for $10,000.00, and put the money in a bank account in London that earns 13% interest compounded continuously. 5 years later, he was caught and found guilty of grand theft. How much had he earned in interest by then? Round your answer to the nearest cent.
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 56SE: To get the best loan rates available, the Riches want to save enough money to place 20% down on a...
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A robber stole some jewelry in New York, sold it for $10,000.00, and put the money in a bank
account in London that earns 13% interest compounded continuously. 5 years later, he was
caught and found guilty of grand theft. How much had he earned in interest by then?
Round your answer to the nearest cent.
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