Answer
$A \approx 17901.896$
Work Step by Step
In the formula for continuous compounding with
$P=12.000$
$r=0.05$
$t=8$
$A=Pe^{rt}$
$A=12.000e^{0.05(8)}$
$A \approx 17901.896$
Calculus with Applications (10th Edition)
by Lial, Margaret L.; Greenwell, Raymond N.; Ritchey, Nathan P.
Published by
Pearson
ISBN 10:
0321749006
ISBN 13:
978-0-32174-900-0
Chapter 2 - Nonlinear Functions - Chapter Review - Review Exercises - Page 114: 93
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