If the laffite family deposits $8500 in savings account at 6.75% interest, compounded continuously, how much will be in the account after 25 years

Option b

Step-by-step explanation:

We have a compound interest problem. With an annual interest rate of 0.675 and an initial payment of 8500, with t = 25 years

Then you must use the annual compound interest formula, which is represented by a growing exponential function:

Where:

h is the interest rate of 0.675

y is the money in the savings account as a function of time

Then substitute the values in the formula and we have:

the answer is b.

64

step-by-step explanation:

c=2πr=2·π·8≈64