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8. [0/2 Points] DETAILS PREVIOUS ANSWERS COHENPCALC7 5.6.012. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER You place a sum of $300 in a savings account

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8. [0/2 Points] DETAILS PREVIOUS ANSWERS COHENPCALC7 5.6.012. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER You place a sum of $300 in a savings account at 4% per annum compounded continuously. Assuming that you make no subsequent withdrawal or deposit, how much is in the account after 1 year? (Round your answer to two decimal places.) $ 312 X When will the balance reach $800? (Round your answer to two decimal places.) 25.18 X yr

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