The formula to determine continuously compounded interest is a = pe^rt, where a is the amount of
money in the account, p is the initial investment, r is the interest rate, and t is the time, in years.
what equation could be used to determine the value of an account with an $18,000 initial
investment at an interest rate of 1.25% for 24 months?

(Approximated)

Step-by-step explanation:

We are given the following along with the equation we are to use:

Be careful it says is in years and it gives us a time that is in months.

:

Let's plug in our information:

Plugging in the right hand side into my calculator gives:

(Approximated)

the solution is the point

step-by-step explanation:

we have

> equation a

> equation b

adds equation a and equation b

substitute the value of x in equation b to find the value of y

the solution is the point