3 years ago

What is the compound interest if $480 is invested for 12 years at 6% compounded continuously?

Mathematics

1 answer:

Anna [14]3 years ago

6 0

Answer:

Step-by-step explanation:

$A = Pe^{rt}$

$A = $480 \times e^{0.06 \times 12}$

$A = $986.13$

The account will be worth $986.13.

The interest earned is $986.13 - $480 = $506.13.

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