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:
128 pages
Step-by-step explanation:


In total, Marty had read 128 pages of his book.
Answer:
28 - 8= 20 ÷ 5 = 4
Step-by-step explanation:
Use distributive property. The answer is 4
Answer:
Step-by-step explanation:
£63 = 135 × 63
= Rs . 8505
Rs . 8505 = 8505 / 105
= $81
Answer:
19
Step-by-step explanation:
49 - 20
19
hope it helps u