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.
Answer:
The accounting concept that applies to the given statements is as follow:
1. SiriusXM Radio Inc. files its annual and quarterly financial statements with the SEC. ⇒ The Periodicity Assumption.
2. The president of Applebee’s International, Inc., travels on the corporate jet for business purposes only and does not use the jet for personal use. ⇒ The Economic Entity Assumption.
3. Jackson Manufacturing does not recognize revenue for unshipped merchandise even though the merchandise has been manufactured according to customer specifications. ⇒ Revenue Recognition
4. Lady Jane Cosmetics depreciates the cost of equipment over their useful lives. ⇒ Expense Recognition
Answer:
17.3 in
Step-by-step explanation:
3:15 because its till 3 o'clock and in each 1 theres 5 inside so 3x 5 = 15.
Thats how I got the answer 3:15 o'clock.
Hoped it help! :D
Answer:
1/12
Step-by-step explanation:
Okay, so this will be a compound probability question because there are two parts to the question.
Firstly, a die has 6 sides, and there is only one chance of getting a 1, so the probability would be 1/6.
Furthermore, there are 3 different even numbers on a 6-sided die, so that is 3/6, which can be simplified to 1/2.
Now, because this is a compound probability, we have to multiply 1/2 and 1/6 together, which would give us our answer of 1/12.
