If leticia invested $12,000 in an account in which the interest earned is continuously compounded at a rate of %2.5 find the total amount after 15 years

Given:

Principal value = $12000

Rate of interest = 2.5%

To find:

Total amount after 15 years.

Solution:

Formula for amount discontinuously compounded interest is

where, P is principal, r is rate of interest and t is time in years.

Substitute P=12000, r=0.025 and t=15 in the above formula.

Therefore, the amount after 15 years is $17459.897.

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i believe the correct answer is b.