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Complete the Table for a Savings Account in Which Interest

Question 9

Multiple Choice

Complete the table for a savings account in which interest is compounded continuously.  Initial investment  Annual rate  Time to double  Amount after 10 years 6.93%$3999.41\begin{array} { | c | c | c | c | } \hline \text { Initial investment } & \text { Annual rate } & \text { Time to double } & \text { Amount after 10 years } \\\hline \ldots& 6.93 \% & \ldots & \$ 3999.41 \\\hline\end{array}


A) Initial investment: $2,000\$ 2,000 Time to double: 10 yr
B) Initial investment: $1,950\$ 1,950 Time to double: 10 yr
C) Initial investment: $2,200\$ 2,200 Time to double: 10 yr
D) Initial investment: $2,050\$ 2,050 Time to double: 10 yr
E) Initial investment: $2,100\$ 2,100 Time to double: 10 yr

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