Ruby invested $6,200 in an account paying an interest rate of 4.3% compounded continuously. Assuming no deposits or withdrawals are made, how much money, to the nearest hundred dollars, would be in the account after 12 years?

$9,399.20

Step-by-step explanation:

multiply the original amount by the percentage

6,200*4.3=26,660

Then divide 26,660 by 100

26,660/100= 266.6

Multiply 266.6 by 12

266.6*12=3199.2

So, $3,199.20 were added to your account over 12 years

Add $3,199.20 and $6,200

$3,199.20+$6,200=$9,399.20

So, after 12 years you would have $9,399.20 in your account

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step-by-step explanation:

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