The Compound Amount When an Investment Is Compounded Continuously Is

question 36

Multiple Choice

The compound amount when an investment is compounded continuously is expressed by the formula A = Peni, where A is the compound amount, n is the number of years, and i is the interest rate per year. Find the compound amount of an investment of $2500 at an interest rate of 10% for 2 years if it is compounded continuously.

• A)$3,000.00
• B)$3,025.00
• C)$4,023.59
• D)$3,053.51

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