Jacob invests $6,047 in a retirement account with a fixed annual interest rate of 8% compounded continuously. What will the account balance be after 15 years? A) $20,076.75 B) $17,280.22 C) $18,533.17 D) $21,640.41
P=6,047 R= 8% T= 15 And key word is compound or simple Yours is compound so A=p(1+r)^t you plug in number and it only give you total after you get that answer you subtract it with 6,047 and that should be your answer
