Question

Math Help Please!!



Connor borrows $8,000 at a rate of 19% interest per year. What is the amount due at the end of 7 years if the interest is compounded continuously?

$14,576.95
$29,215.37
$30,248.35
$43,791.58

Answer 1

A=pe^rt
A=8,000×e^(0.19×7)
A=30,248.35

The answer is c