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

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Definitions:

Jehovah's Witness

A member of a Christian denomination known for its non-participation in political processes and refusal of blood transfusions.

Beliefs

Convictions or acceptances that certain things are true or real, often without immediate empirical evidence.

Autonomously

Acting independently or having the freedom to make one's own decisions.

Self-Determining

Having the power or capability to make decisions for oneself without external coercion.