If $2500 is invested at an interest rate of 6.5% per year, compounded continuously, find the value of the investment after the given number of years. (Round your answers to the nearest cent.) (а) 3 years $ (b) 6 years $ (с) 18 years

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 20E
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If $2500 is invested at an interest rate of 6.5% per year, compounded continuously, find the value of the investment after the given number of years. (Round your answers to the nearest cent.)
(а) 3 years
2$
(b) 6 years
2$
(с) 18 years
$
Transcribed Image Text:If $2500 is invested at an interest rate of 6.5% per year, compounded continuously, find the value of the investment after the given number of years. (Round your answers to the nearest cent.) (а) 3 years 2$ (b) 6 years 2$ (с) 18 years $
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