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You deposit $200 in a savings account that earns 5% annual interest compounded continuously. How much money will you have after 5 years? A. $255.26 B. $1518.75 C. $2436.50 D. $256.81
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16 votes
You deposit $200 in a savings account that earns

5% annual interest compounded continuously.
How much money will you have after 5 years?
A. $255.26
B. $1518.75
C. $2436.50
D. $256.81

User Alex Joseph
by
5.8k points

1 Answer

10 votes

The answer is B which is 1518.75

User CrimsonFantasy
by
6.7k points
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