Peter saved up $20,000 in an account earning a nominal 5% per year compounded continuously. How much was in the account at the end of two years? Round the answer to nearest dollar.

$22,050

Step-by-step explanation:

$20,000+5%=$21,000

$21,000+5%=$22,050

the mistake in the pattern is that :

b. the decimal point was moved one too many place values each time

the correct pattern could be made by :

b. moving the decimal point to the right the same numbers of place values as the exponents