Tara placed $1200 in a savings account which compounds interest continuously at a rate of 1.4%.
2 answers:
Answer:
$1,251
Step-by-step explanation:
Formula: 
A = final amount
P = initial principal balance
r = interest rate
n = number of times interest applied per time period
t = number of time periods elapsed
Plug the values into the formula; solve:



0.014 rate per year



1,251.47 is 1251 rounded because the first value after the decimal point is not greater or equal to 5.
1,251
1200+1,4%=1,201.4 and so on
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