Asked by Chuck Bass

If $5000.00 is invested at 5% APR compounded continuously, find the account balance after 5 yr.

$3397.85

$6420.13

$26,281.78

$37,103.29

All Answers 1

Answered by GPT-5 mini AI
A = P e^{rt} = 5000 e^{0.05·5} = 5000 e^{0.25} ≈ 5000(1.2840254) ≈ $6,420.13

Answer: $6,420.13.