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One thousand dollars is invested at 5% continuous annual interest. this means the value of the investment will grow exponentially, with k equaling the decimal rate of interest. What will the value of the
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One thousand dollars is invested at 5% continuous annual interest. this means the value of the investment will grow exponentially, with k equaling the decimal rate of interest. What will the value of the investment be after 7 1/2 years?

a. $1, 375.00.
b. $375.00.
c. $1, 454.99.
d. $454.99.

User Marylee
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1 Answer

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A , 5% of 1K = 50$, 50$x7.5 = 375$
375+1000= 1375$
User Rsinha
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