$100 is borrowed at 9% interest per year. How much is owed after one year if interest is compounded : a. annually?
b. monthly?
c. continuously?

Step-by-step explanation:

a). Formula to be used,

   A = P(1 + i)ⁿ

       = 100(1 + 0.09)¹

       = $109

b). Formula to be used,

   A =

       =

       =

       = 100 × 1.0938

       = $109.38

(c). Formula to be used,

     A =

         =

         =

         = $109.42

me! what did you put for this question?

step-by-step explanation:

hint: which coefficient is a multiple of 360°?

step-by-step explanation: