Mathematics, 30.05.2021 01:20 linhlema2005
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1. $10,000 is deposited in a bank account with an annual interest rate of 3.5%.
The interest is compounded continuously. How much money will there be in the
account after 25 years? Assume no money is withdrawn (removed) from the
account. Choose the correct function.
(1) f(x) = 100000€(0.035)(25))
(2) S(x) = 10000(1 + 0.035)25
(3) f(x) = 10000(1.35)
(4) f(x) = 10000e25
Answers: 3
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