Question
2. An account paying 5.25% interest compounded continuously, which originally held $4,000, is now worth $5,000. How many years ago was the account started?
2. An account paying 5.25% interest compounded continuously, which originally held $4,000, is now worth $5,000. How many years ago was the account started? (A) 4.250 years (B) 4.309 years (C) 4.361 years (D) 4.476 years
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Pearson Edexcel A Level Mathematics Pure Mathematics Year 2
Authors: Greg Attwood, Jack Barraclough, Ian Bettison, David Goldberg, Alistair Macpherson, Joe Petran
1st Edition
9781292183404
