Nadav invests $6,000 in an account that earns 5% interest compounded continuously. What is the total amount of her investment after 8 years?
Round your answer to the nearest cent.
a. $327,588.90
b. $8950.95
c. $9850.95
d. $14,950.95

The answer should be about 8,400.00 if you use the A( P + r*t) formula but it isn't one of the answers. I'd go for c since it's the closest you can get.

Step-by-step explanation:

A = P(1 + r*t)      Insert the numbers

A = 6000(1 + (0.05 × 8)) = 8400

A = $8,400.00

The total amount accrued, principal plus interest, from simple interest on a principal of $6,000.00 at a rate of 5% per year for 8 years is $8,400.00.

900 degrees

step-by-step explanation: