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You Place a Sum of $600 in a Savings Account

Question 14

Multiple Choice

You place a sum of $600 in a savings account at 4% per annum compounded continuously. When will the balance reach $800?


A) in 7.23 years
B) in 5.99 years
C) in 15.59 years
D) in 7.19 years
E) in 4.6 years

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