A U. S. citizen invested a $1200 government stimulus check they received on March 1, 2020, into stocks that grew with an annual percentage rate of 20.2%, compounded continuously.
How much are these stocks worth 9 months later on December 1, 2020? Round to two
decimal place accuracy. (Hint: 9 months = 0.75 years)

Abank manager wants to encourage new customers to open accounts with principals of at least $2 comma 500. he decides to make a poster advertising a simple interest rate of 3%. what must the principal be if the bank manager also wants to advertise that one can earn $10 the first month? can the poster correctly say, "open an account of $2 comma 500 and earn at least $10 interest in 1 month! "?