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:
The answer would be 30/13.
Step-by-step explanation:
Votes for the skating rink= 30
Votes for the bowling alley= 13
Ratio of the # of votes for skating <u>TO</u> the # of votes for the bowling alley= 30/13.
Hope this helps! :)
The equation is 30x + 25
since the x is with the 30, that would be the cost per lesson, because you would multiply 30 by the number of lessons(x)
2 is the base number beside 3/5
