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02.04.2021 •
Mathematics
You put $900 into an account earning 2% interest compounded continuously. Find the amount in the account at the end of 12 years.
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Ответ:
Given:
Principal value = $900
Rate of interest = 2% compounded continuously.
Time = 12 years.
To find:
The amount in the account at the end of 12 years.
Solution:
If the interest compounded continuously, then the formula for amount :
Where, P is principal, r is rate of interest, t is numbers of years.
Putting P=900, r=0.02 and t=12, we get
Therefore, the amount in the account at the end of 12 years is about $1144.12.
Ответ:
Tardigrades?
Step-by-step explanation: