| Question 1 | (Solution) |
| An amount of $1,240.00 is deposited in a bank paying an annual interest rate of 2.85 %, compounded continuously. Find the balance after 2½ years. |
| Question 2 | (Solution) |
| An amount of $2,000.00 is deposited in a
bank paying an annual interest rate of 2.85 %, compounded
continuously.
(a) Find the balance after 3 years. |
| Question 3 | (Solution) |
| An amount of $3,000.00 is deposited in a
bank paying an annual interest rate of 3 %, compounded
continuously.
(a) Find the balance after 4 years. |
| Back | Index |