A person places $6520 in an investment account earning an annual rate of 2.5%, compounded continuously. Using the formula V = Pert, where V is the value of the
account in t years, P is the principal initially invested, e is the base of a nfitural
logarithm, and r is the rate of interest, determine the amount of money, to the nearest
cent, in the account after 3 years.

Given:

Principal value = $6520

Annual rate of interest = 2.5% compounded continuously.

Time = 3 years

To find:

The amount of money after three years.

Solution:

Formula for the value of the amount is:

Where V is the value of the account in t years, P is the principal initially invested, e is the base of a natural logarithm, and r is the rate of interest.

Putting , we get

Therefore, the amount of money after three years is about $7027.80.

a) 0.25x times 3. (could be wrong on equation.)

b) 2.25 pound of dark chocolate. (can i eat all the chocolate? plz? anyway, again, could be wrong, but i hope im right. all the chocolate together should be 5.25 pounds)

have a good day!

answer: 88

step-by-step explanation: