Solved

Find the Compound Interest Earned by the Deposit

Question 52

Multiple Choice

Find the compound interest earned by the deposit. Round to the nearest cent.
-$3000 compounded continuously at 3.3% for 20 months. (Assume 608 days.) Round the answer to the nearest dollar.


A) $170
B) $-116
C) $167
D) $168

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions