Can somebody help me with this please??

Peter put $8,000 into a savings account that pays 6% interest, compounded continuously. After five years, Peter will have ($8,001.35, $10,798.53, $21,744.00, $160,63.32)? in the account.

Hint: Use the formula A = Pert, 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.

Question

Can somebody help me with this please??

Peter put $8,000 into a savings account that pays 6% interest, compounded continuously. After five years, Peter will have ($8,001.35, $10,798.53, $21,744.00, $160,63.32)? in the account.

Hint: Use the formula A = Pert, 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.

rhr12 · Answer

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