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:
APY = 0.04 or 4%
Step-by-step explanation:
Given the annual percentage rate of 3.5% that is compounded quarterly, and a principal of $6,500:
We can use the following formula to solve for the annual percentage yield (APY):
where <em>r</em> = interest rate = 3.5% or 0.035
<em> n</em> = number of compounding periods per year = 4
We can plug in the values into the equation:
APY = 1.03546 - 1
APY = 0.04 or 4%
Answer:
- <em>A line of symmetry and the line between opposite points in the symmetry</em><em> are </em><u>perpendicular to each other. </u>
Explanation:
A line of simmetry splits the figure into two identical halves.
Suppose you have a symmetrical plane figure (like a square or a circle), the line of symmetry divides such figure in two sides: call them the left side and the right side.
The reflection of each point on the right side is a point on the left side along the perpendicular line that joins the two points and the line of symmetry.
For instance, if the line of symmetry is vertical, such as the x-axis, the line between the opposite points in the symmetry is horizontal, i.e. perpendicular to the x-axis (the line of summetry).
To calculate the sine of an angle, simply divide the length of the opposite side, 479.16, by the length of the hypotenuse, 610. To get the cosine, divide the length of the adjacent side, 377.5, by the length of the hypotenuse, 610.
