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The Natural Base e

The Natural Base e 1.5 - Solution

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We are asked to find the amount of money that would be in the account with interest compounded continuously in years if we deposited Let's analyze the formula for continuously compounded interest. Here, is the amount in the account after years, is the principal amount invested, and is the annual interest rate. In our case: and Let's substitute these values into the equation and solve it for
There would be around in the account in years.