An initial deposit of $1,000 is made into a savings account that is compounded continuously at 3% interest. How much money will
be in the account after 18 years?
1 answer:
Answer:
$1700
Step-by-step explanation:
Given data
Principal P=$1000
Rate r= 3%
Time T= 18years
Required
The final amount A
The expression for the compound interest is
A= P(1+r)^t
substitute
A=1000(1+0.03)^18
A=1000(1.03)^18
A= 1000*1.70
A=$1700
Hence the final amount after 18 years is $1700
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12x12=144+144-88=200 good luck!
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300 +2 or three-hundred two
Step-by-step explanation:
Let breadth be x,
then length is 2x cm,
perimeter of rectangle=2(l+b),
48=2(2x+x),
48÷2=3x
24=3x
24÷3=x
8cm =x,
B=8cm
L=2×8=16cm
