We deposit $12000 into an account carning 3 % interest compounded continuously, How many years will it take for the account to grow to $16800? Round to 2 decimal places,

The answer is 13.33 year

Step-by-step explanation:

P = $12000

Rate = 3%

Amount = $16800

so,

I = A-P

= $16800 - $12000

= $4800

So,

T = (I × 100)/P×R

= (4800×100)/P×R

= 480000/($12000×3)

= 480000/36000

= 480/36

= 13.33 year

step-by-step explanation:

let

we know that

the y-intercept is the y-coordinate of the point when the value of x is equal to zero

so

the y-coordinate of the point a is the y-intercept

the answer part a) is

the value of y-intercept is

part b) find the slope m

we know that

the value of the slope is equal to

substitute the values

therefore

the answer part b) is

the value of the slope is equal to

the general answer is

the slope is

the value of y-intercept is

irrational, cannot