Write the Word or Phrase That Best Completes Each Statement

question 362

Short Answer

Write the word or phrase that best completes each statement or answers the question.
-What principal invested at 6%, compounded continuously for 3 years, will yield $1500? Round the answer to
two decimal places.

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Definitions:

Credited

A bookkeeping record that augments liabilities or equity, or diminishes an asset or expense.

Assets

Assets are resources owned by a business or individual that have economic value and can be converted into cash or provide future benefits.

Decreased

A reduction in size, number, or amount of something from a previous level.