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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 ...?
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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
7.5k points

2 Answers

6 votes
The answer is B.$1,277.16
User Skydroid
by
7.5k points
3 votes
The right answer is B option. This is too close to my calculations.
User Wjmolina
by
7.0k points
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