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COMPOUND AND CONTINUES INTERESTS: please solve ASAP due tuesday
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Step-by-step explanation:

The formula goes by:

I= PRT/100

Where I is interest, p is principal, R is rate and T is time.

In the question it says that interest is given monthly, so we have to convert the time(10 years into months)

Principal=5000

Time=10 years × 12months= 120months

Rate=5%(5/100)

Now the formula

Interest= 5000×5×120 / 100

Interest= 30000

So the value in 10years is 5000 + 30000 = 35000

Dont forget your $ sign.
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