A person places $479 in an investment account earning an annual rate of 8.2%, compounded continuously. Using the formula V = Pe^{rt}V=Pe rt , 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, determine the amount of money, to the nearest cent, in the account after 12 years.

Step-by-step explanation:

Given

Required

Find V

To do this, we simply substitute the values of P, r and t in the above formula:

becomes

Convert % to decimal

Convert to cents

-- Approximated

example 2 – simplify: step 1: completely factor both the numerators and denominators of all fractions. step 2: change the division sign to a multiplication sign and flip (or reciprocate) the fraction after the division sign; essential you need to multiply by the reciprocal. step 3 : cancel or reduce the fractions.

hi there!

the answer to this question is d: 35

step-by-step explanation:

5 to the power of 2 is 25

2 multiplied by 5 is 10

then you add the 2 numbers and you get 35