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If $800 Is Deposited in a Savings Account That Pays

Question 114

Multiple Choice

If $800 is deposited in a savings account that pays interest at a rate of If $800 is deposited in a savings account that pays interest at a rate of % per year compounded continuously, find the balance after 7 years. A) $481.60 B) $1,305.85 C) $1,352.37 D) $1,328.91 E) $3,322.27 % per year compounded continuously, find the balance after 7 years.


A) $481.60
B) $1,305.85
C) $1,352.37
D) $1,328.91
E) $3,322.27

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