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The Initial Investment in a Savings Account in Which Interest $604\$ 604

Question 23

Multiple Choice

The initial investment in a savings account in which interest is compounded continuously is $604\$ 604 . If the time required to double the amount is 9129 \frac { 1 } { 2 } years, what is the amount after 15 years? Round your answer to the nearest cent.


A) $1,917.58\$ 1,917.58
B) $1,804.46\$ 1,804.46
C) $1,907.37\$ 1,907.37
D) $1,404.46\$ 1,404.46
E) $8,278.18\$ 8,278.18

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