Complete Question
If $12000 is invested in an account in which the interest earned is continuously compounded at a rate of 2.5% for 3 years
Answer:
$ 12,934.61
Step-by-step explanation:
The formula for Compound Interest Compounded continuously is given as:
A = Pe^rt
A = Amount after t years
r = Interest rate = 2.5%
t = Time after t years = 3
P = Principal = Initial amount invested = $12,000
First, convert R percent to r a decimal
r = R/100
r = 2.5%/100
r = 0.025 per year,
Then, solve our equation for A
A = Pe^rt
A = 12,000 × e^(0.025 × 3)
A = $ 12,934.61
The total amount from compound interest on an original principal of $12,000.00 at a rate of 2.5% per year compounded continuously over 3 years is $ 12,934.61.
The answer is 1/22 hope i could help all though i am pretty sure i am right p.s sorry it took so long
Answer:
IM struggling with the too D:
Step-by-step explanation:
Answer: It's B
Step-by-step explanation:
Answer:
Step-by-step explanation:
Volume = 1/3(area of triangular base)height
To find the triangular base we would use heron formula Area = square root (s-a)(s-b)(s-c)
S = (a+b+c)/2 = 2.6 + 2.6 + 2.6 )/2
