Step-by-step explanation:
7.50= (1 + x/100 ) × 5.50
7.50/ 5.50 = 1+x/100
x/100 = 0.36
x= 36.36%
x is equal to - 2/3 after collecting like terms
We have to calculate the amount of money Peter will have in his account after 5 years. Formula for the amount after t years with interest compounded continuously : A = P * e ^(rt)
We know that r = 0.06, t=5, e = 2.71 and p= $8,000
A = 8,000 * 2,718 ^(0.06 * 5) = 8,000 * 2,718 ^ (0.3) = 8,000 * 1.3488158 = 10,798.53 so the answer is 10,798.53
Answer:the answer is B
Step-by-step explanation: