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2 years ago

A

Mathematics

1 answer:

san4es73 [151]2 years ago

4 0

Answer:

B) $19,865.03

Step-by-step explanation:

Continuous Compounding Formula

$\large \text{$ \sf A=Pe^{rt} $}$

where:

A = Final amount
P = Principal amount
r = annual interest rate (in decimal form)
t = time (in years)

Given:

P = $8,540
r = 6.03% = 0.0603
t = 14 years

Substituting given values into the formula and solving for A:

$\large \implies \text{$ \sf 8540e^{0.0603 \times 14}=19865.03215 $}$

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3 years ago

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Step-by-step explanation:

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