If $800 Is Deposited in a Savings Account That Pays

question 114

Multiple Choice

If $800 is deposited in a savings account that pays interest at a rate of % per year compounded continuously, find the balance after 7 years.

• A)$481.60
• B)$1,305.85
• C)$1,352.37
• D)$1,328.91
• E)$3,322.27

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