8. Jane does some more research and finds a third bank that offers continuously compounded interest, but the interest rate is only 3%. Find the amount she will have at the end of 4 years. Is this the best choice?
8. Jane does some more research and finds a third bank that offers continuously compounded interest, but the interest rate is only 3%. Find the amount she will have at the end of 4 years. Is this the best choice?
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 68SGR
Question
Please don't provide handwritten solution ....
Transcribed Image Text:8. Jane does some more research and finds a third bank that offers continuously
compounded interest, but the interest rate is only 3%. Find the amount she will have at
the end of 4 years. Is this the best choice?
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