What is the compound interest if $480 is invested for 12 years at 6% compounded continuously?
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Actually Welcome to the concept of calculations of bills.
The bill calculation goes as equation,
y = $250 + n*($10)
here, n = number of lines,
1.) For n = 2 , Y = cost = 250 + 20 = $270
2.) for n = 4 , Y = $290
3.) for n = 6 , Y = $310
4.) for n = x, Y = $250 + x*($10)
for lastly 12 members we get as,
Y = 250 + (12)*(10) = 250+120 = $370
let's firstly convert the mixed fractions to improper fractions and then divide.