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topjm [15]
3 years ago
12

What is the distance between the following points?A 12B 13C 36D 97​

Mathematics
1 answer:
Nookie1986 [14]3 years ago
8 0

Answer:

12

Step-by-step explanation:

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A person places $686 in an investment account earning an annual rate of 3.8%, compounded continuously. Using the formula V = Pe^
kykrilka [37]

Answer:

V = $1213.03

Step-by-step explanation:

We can determine the amount of money after 15 years with the given formula:

V = Pe^{rt}   (1)

Where:

V: is the value of the account in t years =?

P: is the principal initially invested = $686                

r: is the rate of interest = 3.8% = 3.8/100 = 0.038

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By substituting the above values into equation (1) we have:

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Therefore, the amount of money is $1213.03.

I hope it helps you!  

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