Answered

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George invests $5,000.00 in a savings account which pays 7% compounded continuously. Consider the following formula, where A is the ending account balance after t years, P is the initial amount of money invested, and r is the interest rate. A = P(2.71)rt How much money would he have in his savings account after 5 years?
A.
$5,361.40
B.
$6,415.23
C.
$9,093.93
D.
$7,087.76

Sagot :

Sonnycrawford

Answer:

it's D: 7087.76

Step-by-step explanation:

since you already write the formulae, all you have to do it's just calculate with that

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