Use the Formula $A = p e ^ { r t }$

question 61

Multiple Choice

Use the formula $A = p e ^ { r t }$ to find the total amount of money accumulated at the end of the indicated time period by compounding continuously: $1,000 for 2 years at 2%. The choices are rounded to the nearest cent.

• A) $693.87
• B) $1,561.22
• C) $2,810.19
• D) $1,040.81
• E) $385.49