Answer:
I'll setup the problem and you can do the calculations
Step-by-step explanation:
The formula for simple interest:
I = P*r*t
I = interest
P = principle or amount invested
r = interest rate per period (period is a year)
t = number of periods
P = 4920
r = .13
t = 8
if you have questions, send a comment
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:
6300
Step-by-step explanation:
253 is closer to 300 than to 200
Answer:
anything :)))
Step-by-step explanation:
Answer: a = 3
Step-by-step explanation: since M is in between the two points you can look at the x and y coordinates respectively and find the difference between the the given points and then add it to the midpoint
