In 1887, a person sold a house to a lady for $30. If the lady had put the $30 into a bank account paying 4% interest, how much would the investment have been worth in the year 2012 if interest were compounded in the folowing ways? a monthly b. continuously af compounded monthly, the investment would be worth $ in 2012. (Round to the nearest dollar as needed.) b. If compounded continuously, the investment would be worth Sin 2012 (Round to the nearest dollar as needed)
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
 alt="**Text Transcription for Educational Website:**
In 1887, a person sold a house to a lady for $30. If the lady had put the $30 into a bank account paying 4% interest, how much would the investment have been worth in the year 2012 if interest were compounded in the following ways?
a. **Monthly**
If compounded monthly, the investment would be worth $ ___ in 2012.
(Round to the nearest dollar as needed.)
b. **Continuously**
If compounded continuously, the investment would be worth $ ___ in 2012.
(Round to the nearest dollar as needed.)
*Enter your answer in each of the answer boxes.*
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