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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.

Respuesta :

mathmate
use the formula 
a=pe^(rt)
where 
a=total amount at the end of the period
p=principal, starting amount = 8000
e=2.7182818284...., but use 2.718 for this question.
r=annual interest rate = 0.06
t=5 (years)

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