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The Initial Investment in a Savings Account in Which Interest

Question 63

Multiple Choice

The initial investment in a savings account in which interest is compounded continuously is $768. If the time required to double the amount is The initial investment in a savings account in which interest is compounded continuously is $768. If the time required to double the amount is years, what is the amount after 13 years? Round your answer to the nearest cent. ​ A) $2,090.17 B) $1,982.88 C) $2,101.89 D) $1,582.88 E) $10,525.90 years, what is the amount after 13 years? Round your answer to the nearest cent. ​


A) $2,090.17
B) $1,982.88
C) $2,101.89
D) $1,582.88
E) $10,525.90

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