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On Each of Two Days (January 1, 2005 and January 02500e0.08tdt\int_{0}^{2} 500 e^{0.08 t} d t

Question 77

Multiple Choice

On each of two days (January 1, 2005 and January 1, 2006) , a person deposits $500 in a savings bank.The bank deposits interest in the account at a rate of 8%, compounded continuously.Choose the sum/integral that gives the size of the bank account at the end of 2006.


A) 02500e0.08tdt\int_{0}^{2} 500 e^{0.08 t} d t
B) 02(500+500e0.08t) dt\int_{0}^{2}\left(500+500 e^{0.08 t}\right) d t
C) 500+500e0.08500+500 e^{0.08}
D) (500+500e0.08) e0.08\left(500+500 e^{0.08}\right) e^{0.08}

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