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Popular >

If 90009000 is invested at 33% compounded continuously, what is the amount after 88 years?

Solution

If 90009000 is invested at 33% compounded continuously, what is the amount after 88 years?

Solution

Amount : 9.22337 E 16

Solution steps

Translate the problem into an equation:

A = 90009000 e^{0.33 \cdot 88}

90009000 e^{0.33 \cdot 88} = 3.68297 E 20

Round to the nearest hundredth:

9.22337 E 16

Amount : 9.22337 E 16

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