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.
Was increased by 1 inch, the new measure of each side would be 4 inches.
Answer:
4.2
Step-by-step explanation:
simplify 12 and 20 to 6 and 10 then divide 6 by 10 and multiply by 7 to get the answer.
The answer would be 66
Explanation: first you have to divide the minutes so 12 divided by 4 equals 3 so you would take the three and multiply that by 22. So 22x3 is equal to 66
