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If $500 is invested at an annual interest rate of 6.5% compounded continuously, how much is available after 8 year? Select one: a. $526.69 b. $841.01 c $827.50 d. $341.01

If $500 is invested at an annual interest rate of 6.5% compounded continuously, how much is available after 8 year? Select one: a. $526.69 b. $841.01 c $827.50 d. $341.01
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1 vote
If $500 is invested at an annual interest rate of 6.5% compounded continuously, how much is available after 8 year?

Select one:
a. $526.69
b. $841.01
c $827.50
d. $341.01

User New Moon
by
7.7k points

2 Answers

0 votes
The answer would be C.
User Tamrat
by
8.0k points
6 votes
C would be the answer
User Gorokizu
by
8.2k points
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