+0  
 
0
3647
1
avatar

Peter put $8,000 into a savings account that pays 6% interest, compounded continuously. After five years, Peter will have a. 8,001.35 in the account. b. 10,798.53 c. 21,744.00 d. 160,634.32 Hint: Use the formula A = Pe^rt, where A is the amount after t years, P is the amount invested, r is the rate of interest, t is the time period, and e = 2.718. Use a calculator to compute your answer.

 May 15, 2015

Best Answer 

 #1
avatar+128079 
+5

A = 8000(2.718).06*5 = $ 10798.53

 

 

 May 15, 2015
 #1
avatar+128079 
+5
Best Answer

A = 8000(2.718).06*5 = $ 10798.53

 

 

CPhill May 15, 2015

2 Online Users

avatar
avatar