1.

George invested $2000 in a savingsaccount that has an interest rate of4.7% After 5 years, what is the balanceif the account is compounded...Continuously?a. A=$2516.31b. A=$3.21c. A=$2528.66d. A=2529.82​

Answer»

<P>Answer:

Answer is A $2516.31

Step-by-step EXPLANATION:

P=$2000

T=5yrs

R=4.7%

Compound AMOUNT(CA)= P(1+R/100)T

=2000(1+4.7/100)5

=2000(104.7/100)5

=2000*1.258

=$2516.31

=2192.418



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