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25 POINTS! If $500 is deposited in an account paying 5.25% interest compounded continuously, find the amount in the account after 3 years. * A $427.14 B $555.36 C $616.84 D $585.29
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Sep 14, 2021
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25 POINTS!
If $500 is deposited in an account paying 5.25% interest compounded continuously, find the amount in the account after 3 years. *
A $427.14
B $555.36
C $616.84
D $585.29
Advanced Placement (AP)
high-school
TerenceJackson
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5.25 divided by 100= 0.0525
500 times 0.0525=26.25
500-26.25=473.75
473.75 times 0.0525=24.87
473.75-24.87=448.88
448.88 times 0.0525=23.57
448.88-23.57=425.31
the answer could be A?
Warunapww
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Sep 15, 2021
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Answer:
i think it should be D.
Step-by-step explanation:
Vimuth
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Sep 19, 2021
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Vimuth
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