1,995,000
The number after the thousands place is 2, which is less than 5 so the thousands place is rounded to 5,000 instead of 6,000.
<span>Multiply the number in the tens place of the bottom number by the number in hundreds place of the top number. Multiply 3 times 7 to equal 21. Add the 1 you carried to equal 22. You don't need to carry the 2 in 22, as there are no more numbers to multiply on this line, so you can just write it down next to the 6.</span>
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
