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Leah wants to invest $12,000 in an account that pays 4.5% annual *interest. Answer the questions below. Which equation represents the amount inthe account after t years if the interest in compounded continuously.

Leah wants to invest 12000 in an account that pays 45 annual interest Answer the questions below Which equation represents the amount inthe account after t year class=

Respuesta :

To solve this problem we use the Continuous Compound Interest formula:

[tex]A(t)=Pe^{rt}[/tex]

Where A = total balance after t years, P = principal amount , r = interest rate (decimal form), and t = time in years.

Replacing the formula

[tex]A(t)=12000e^{0.045t}[/tex]

The answer is option 1

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