Question

Hello, I need some help with this precalculus question for my homework, please HW Q14

Answer 1

Given:

$20 invested at 12% compounded continuously for a period of 4 years.

So,

P = 20

r = 12% = 0.12

t = 4 years

We will use the following formula:

`A=P*e^(rt)`

Substitute with the given data:

`A=20*e^(0.12*4)\approx32.321488`

Rounding to the nearest cent

So, the answer will be:

After 4 years, the investment = $32.32