Answer:
b. $842.97
Step-by-step explanation:
The computation of the amount after 5 years in the case of compounded continuously is as follows:
= Invested amount × e^{rate × time period}
= $600 × e^{6.8% × 5}
= $600 × e^ 0.34
= $600 × 1.404947591
= $842.97
Hence, the amount after 5 years in the case of compounded continuously is $842.97
