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The Initial Investment in a Savings Account in Which Interest

Question 54

Multiple Choice

The initial investment in a savings account in which interest is compounded continuously is $850.If the time required to double the amount is The initial investment in a savings account in which interest is compounded continuously is $850.If the time required to double the amount is years,what is the amount after 14 years? Round your answer to the nearest cent. ​ A) $3,400.00 B) $3,099.86 C) $3,173.33 D) $2,699.86 E) $9,197.18 years,what is the amount after 14 years? Round your answer to the nearest cent. ​


A) $3,400.00
B) $3,099.86
C) $3,173.33
D) $2,699.86
E) $9,197.18

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