<PRE><B>Question 404659</B>
    what will be the balance in an account and the interest earned on $5000 invested at 3 and 1/4 % compounded continuously for 5 years?
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The formula for interest compounded continuously:

A=Pe^rt, A=amount after t years, P=amount invested, r=annual rate of interest.

A=5000e^.0325*5=5882.24

ans:
balance in the acccount will be=$5882.24


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