Respuesta :
Answer:1616.07
Step-by-step explanation:
Given
Principal=1000
Rate of interest =12
Time =4
[tex] Amount =Pe^{0.12x}[/tex]
[tex] A=1000e^{0.12\cdot 4} [/tex]
[tex] A=1000\times 1.61607 [/tex]
A=1616.07
Answer with explanation:
Amount =$ 1000
Time =x Years
Rate of Interest = 12 %
Value of Money after x years is given by
[tex]=1000e^{0.12 x}[/tex]
Amount after 4 years is equal to
[tex]=1000e^{0.12\times 4}\\\\=1000 \times e^{0.48}\\\\=1000 \times (2.71828)^{0.48}\\\\=1000 \times 1.61607388\\\\=1616.0739[/tex]
