Question

Find the total amount in the compound interest account.

Answer 1

$\bf \qquad \textit{Compounding Continuously Earned Amount}\\\\ A=Pe^{rt}\qquad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\to& \ 1740\\ r=rate\to 12\%\to \frac{12}{100}\to &0.12\\ t=years\to &5 \end{cases} \\\\\\ A=1740\cdot e^{0.12\cdot 5}$

bear in mind that the continuously compounding interest is just that, a daily compounding cycle, taking a year as 365days.