53,887 views
17 votes
17 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 Pillsbur
by
2.6k points

1 Answer

19 votes
19 votes

The answer is B which is 1518.75

User Joel Gauvreau
by
2.8k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.