You receive $1,000 to put in the bank. You place it in an account that pays 6% annual interest compounded continuously. How much will you have in 12 years? Round the answer to the nearest dollar. SHOW WORK PLZ​

2054.43$ = 2054$

Step-by-step explanation:

Here, by analyzing the question we get;

Principal= 1000$

Time (In years) = 12

Rate (Annual) = 6%

Now;

First convert R into decimal= 0.06 rate per year

Now solving the equation for A:

A=Pe^(rt)

=1000(2.71828)^(0.06*12)

=$2054.43

If you have any questions, just ask me in the comments

, and

for

step-by-step explanation:

we can analyze the pattern at which the terms increase. let us denote , , , so that we can call

note the following:

the pattern: to get the next term value, we just add the next term number (e.g. 1st, 2nd, to the previous term value (term values are the given numbers in the question, 1, 3, 6, 10, 15,

from , to get to , we add

from , to get to , we add

etc.

we need to form a recursive formula, a formula that has the next term as a function of the previous term. so a possible recursive formula can be

, and for

i have no idea just need points sorry

step-by-step explanation: