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.
As an integer and a raitonal number as well as a real number.
Answer:
X = 22
Step-by-step explanation:
f(x) = 3x + 1
f(7) = 3(7) + 1
= 21 + 1
= 22
Answer:
Quadratic
If my answer is right give me a like
Answer:
Step-by-step explanation:
In order to find the answer, let's work backwards to find the original. We have to do the opposite to get to the Raju's age. We will start with his fathers age. (44) Then we will subtract five from it so that it will be divisible by three.
44 - 5 = 39
Then we just have to divide by 3.
44/3 = 13
His age is 13 years old.
