A principal amount of $5,000 is invested in an account with ...

Question Analysis
This problem evaluates the application of the continuously compounded interest formula in a real-world context.

Key Concept Explanation
The continuously compounded interest formula is , where is the principal, is the annual interest rate, and is the time in years. The goal is to find the total amount after 5 years.

Step-by-step Solution
1. Identify the parameters: dollars, , and years.
2. Substitute these values into the formula:

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Algebra-2

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