If you were to place $2,500 in a savings account that pays 3% interestcompounded continuously, how much money will you have after 5 years?Assume you make no other deposits or withdrawals.A. $2,515.00B.

Adison Masih asked May 7, 2023

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Adison Masih asked May 7, 2023

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24 votes

Ok, here we have the following:

$Total=2500e^(0.03\cdot5)\approx2904.59$

So, finally we get that the correct option is B. $2,904.59

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