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Mathematics 10 Online
OpenStudy (anonymous):

PLEASE HELP!!! 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.

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