Question

6) BRAINLIEST AND 10+ POINTS!! PLS HELP ASAP :)

Answer 1

$10,000 at 7% continuous compounding for 8 years

$10000 e^{0.07 (8)} = 17506.7$

Answer: A

Answer 2

Answer:

A

Step-by-step explanation:

Use the formula for continuous compound interest:

$a=pe^{rt}$

where p is the principal, r is the interest rate, and t is the time

We know that 10,000 is the principal, the interest rate is 7%, and the time is 8 years, so we can substitute these values in. First, convert 7% to a decimal by dividing by 100

7/100=0.07

$a=10,000e^{0.07(8)}$

Multiply the numbers in the exponent

$a=10,000e^{0.56}$

Multiply

a=17506.725003

Rounded to the nearest cent/hundreth

a=17506.72

So, choice A is correct