Multiple Choice
How much interest will be earned in an account into which $1,000 is deposited for one year with continuous compounding at a 13 percent rate?
A) $130.00
B) $138.83
C) $169.00
D) $353.34 1000 (e.13) =
1000 x 1.1388 = $1,138.83
Correct Answer:
Verified
Correct Answer:
Verified
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