Question

Find the interest earned on a $30,000 deposit for 6 months at 1.2% interest compounded continuously.​

Answer 1

i do not know if this will help

Explanation:

Calculate Accrued Amount (Principal + Interest) A = Pert

Calculate Principal Amount, solve for P. P = A / ert

Calculate rate of interest in decimal, solve for r. r = ln(A/P) / t.

Calculate rate of interest in percent. R = r * 100.

Calculate time, solve for t. t = ln(A/P) / r.