Peter put $8,000 into a savings account that pays 6% interest, compounded continuously. after five years, peter will have $ 8,001.35 10,798.53 21,744.00 160,634.32 in the account.
hint: use the formula a = pert, where a is the amount after t years, p is the amount invested, r is the rate of interest, t is the time period, and e = 2.718. use a calculator to compute your answer