Answer:
42,183
Step-by-step explanation:
We will use the Continuous Compounding Interest since a regular interval was not stated.
P(t) = Pe^(rt)
We will plug in the variables to the formula
P(t) = 31250 * e^(.12 * 2.5)
We can simplify and evaluate the compound interest.
P(t) = 42183.08
x=4,y=5/2 or (4,5/2) depending on the type of answer you need .
