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2024-12-14 10:31:41

\begin{align*}Step 1: Review the formula of compound interest final value.&=1.01^{240}


Step 2: Substitute data for calculation.\end{align*}1.01 {240} \ approximate 10.8926 is calculated by a calculator.


\begin{align*}We can use the formula for calculating the final value of compound interest to calculate the final increase under this continuous growth situation. The following are the specific steps:

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