Question: Please provide a detailed explanation and solution. Thank You! Merida Mayer places 100,000 Php in a time deposit that pays 9% per annum compounded continuously.

Please provide a detailed explanation and solution. Thank You!

Merida Mayer places 100,000 Php in a time deposit that pays 9% per annum compounded continuously. After three years, how much would Ms. Mayer have in her account

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