Register

If you deposit $900 in an account that pays 5% annual interest compounded continuously, what will the balance be after seven years? A. $1,832.06 B. $1,277.16 C. $932.06 D. $29,8…

If you deposit $900 in an account that pays 5% annual interest compounded continuously, what will the balance be after seven years? A. $1,832.06 B. $1,277.16 C. $932.06 D. $29,8…
235k views
0 votes
If you deposit $900 in an account that pays 5% annual interest compounded continuously, what will the balance be after seven years?

A. $1,832.06
B. $1,277.16
C. $932.06
D. $29,803.91 ...?

User DKATDT
by
8.5k points

2 Answers

6 votes
The answer is B.$1,277.16
User Skydroid
by
8.5k points
3 votes
The right answer is B option. This is too close to my calculations.
User Wjmolina
by
8.3k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!