4. find the interest earned on $50,000 deposited for 6 years at 1% % interest,
compounded continuously. round to the nearest cent.
5. whitney deposits $9,000 for 2 years. she compares two different banks. state
bank will pay her 2.1% interest, compounded monthly. kings savings will pay
her 2.01% interest, compounded continuously. round to the nearest cent.
a. how much interest does state bank pay?
b. how much interest does kings savings pay?
c. which bank pays higher interest? how much higher?