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:
y+(21)=-4(x-7)
Step-by-step explanation:
the point slope equation , two point
m=y2-y1/x2-x1
m=23+21/-4-7=44/-11= -4
y+(21)=-4(x-7)
Answer:
about 27.27 hours.
Step-by-step explanation:
If it can travel 0.11 miles in 1 hour, we need to divide 3 miles by 0.11 miles to get the number of hours it would take to travel 3 miles. 3/0.11 is 27.27 repeating.
Hope this helps!
Answer:
Subtract 4 from each side
Step-by-step explanation:
x + 4 > -8
Subtract 4 from each side
x + 4-4 > -8-4
x>-12
