Set 14: Exponential Functions (Intermediate)

Choice A is correct. Choice A is the correct answer. Use continuous compounding formula. 1. Formula: $A = 8000 \cdot e^{0.0525 \times 10} = 8000 \cdot e^{0.525}$. 2. Given: $e^{0.525} \approx 1.69$. 3. Calculate: $A = 8000 \times 1.69 = 13,520$. Strategic Tip: Continuous compounding uses $e^{rt}$ instead of $(1 + r)^t$. Choice B is incorrect because the multiplier is wrong. Choice C is incorrect because this is too high. Choice D is incorrect because the calculation doesn't match.