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
