$2000 Is Invested at 3% Annual Interest

question 148

Short Answer

$2000 is invested at 3% annual interest. Find the value at the end of 10 years if:
(a) the interest compounds annually.(b) the interest compounds continuously.

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Definitions:

Synchondroses

A type of cartilaginous joint where hyaline cartilage unites the bones, often found in the growth plates of children.

Plantarflexion

The movement that increases the angle between the foot and the shin, as seen when standing on tiptoe.

Eversion

The movement of turning the sole of the foot outward or laterally.

Dorsiflexion

The movement that brings the foot closer to the shin, typically observed when elevating the toes.