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:
8.33333333333
Step-by-step explanation:
Answer:
Use the formula
a^n=a^1 r^n−1
to identify the geometric sequence.
a^n=5⋅3^n−1
Step-by-step explanation:
Hope it is helpful...
Answer:
y=8x
Step-by-step explanation:
B=0
m=(8-0)/(1-0)
m=8
y=mx+b
y=8x
<span>x^2 + y^2 + 8x – 6y + 21 = 0
x^2 + 8x +16 + y^2 -6y +9 = -21 + 16 +9
(x+4)^2 + (y-3)^2 = 4
So the radius is 2
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