An initial deposit of $1,000 is made into a savings account that is compounded continuously at 3% interest. How much money will be in the account after 18 years?

$1700

Step-by-step explanation:

Given data

Principal P=$1000

Rate r= 3%

Time T= 18years

Required

The final amount A

The expression for the compound interest is

A= P(1+r)^t

substitute

A=1000(1+0.03)^18

A=1000(1.03)^18

A= 1000*1.70

A=$1700

Hence the final amount after 18 years is $1700

distance covered by pamela in 9 l of fuel = 99km

let us apply unitary method here.

distance covered by pamela in 1 l of fuel =99/9 =11 km

now let us find distance covered by pamela if she has 12 l of fuel.

distance covered in 12 l = distance covered in 1 l of fuel * 12

we know that distance covered by here in 1 l is 11 km.

so distance covered in 12 l of fuel = 11*12 = 132 km.