Rock Solid Bank & Trust Is Offering a CD That

Multiple Choice

Rock Solid Bank & Trust is offering a CD that pays 5% compounded continuously. How much interest would a $1,000 deposit earn over 12 years (Round your answer to the nearest dollar.)
Select the correct answer.

A) $2,822
B) $822
C) $1,822
D) $1,820
E) $1,796