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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Definitions:

Specificity

The principle that suggests that training effects are most pronounced when exercise is specifically designed for a particular sport or fitness goal.

Individuality

The distinct characteristics and qualities that make a person unique.

Recovery

The process of returning to a normal state of health, mind, or strength after exertion, illness, or injury.

Cardiorespiratory Endurance

The ability of the heart, lungs, and circulatory system to efficiently supply oxygen during sustained physical activity.