If leticia invested $12,000 in an account in which the interest earned is continuously compounded at a rate of %2.5 find the total amount after 15 years

Given:

Principal value = $12000

Rate of interest = 2.5%

To find:

Total amount after 15 years.

Solution:

Formula for amount discontinuously compounded interest is

where, P is principal, r is rate of interest and t is time in years.

Substitute P=12000, r=0.025 and t=15 in the above formula.

Therefore, the amount after 15 years is $17459.897.

where is abdul's work? don't see that anywhere posted : /

step-by-step explanation:

hello from mrbilldoesmath!

answer:   x^2 + y^2 = 1024

discussion:

the equation of a circle with center (h,k) and radius "r" is

(x-h)^2 + (y-k)^2 = r^2.

in our case

(x-0)^2 + (y-0) ^2 = 32^2 = 1024

you,

mrb