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

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Step-by-step 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.

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