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how much is the intrest for 6970400 per year at 0.8

 May 9, 2015
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Suppose this is interest compounded continuously.

 

P = principal (initial) amount = 6970400

R = annual rate = 0.8%

n = compound (continuous)  ==> n = e = 2.718

t = time = 1 year

 

Pe^(rt) = 7,026,386.85 

 Feb 24, 2021

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