Question

SOMEONE HELP ME WITH B , explanation in #3 ( i will give you head if you give the answer)

Answer 1

I. 1,000 dollars

II. 1,061.84 dollars

III. 1,127.50 dollars

Explanation:

Formula for continuous compound interest:

`A = Pe^(rt)`

Plug in the values for one year:

A = 1000(2.71828)^(0.06)(1)

A = 1,061.84 dollars

Plug in the values for two years:

A = 1000(2.71828)^(0.06)(2)

A = 1,127.50 dollars