The Initial Investment in a Savings Account in Which Interest $\$ 604$

question 23

Multiple Choice

The initial investment in a savings account in which interest is compounded continuously is $\$ 604$ . If the time required to double the amount is $9 \frac { 1 } { 2 }$ years, what is the amount after 15 years? Round your answer to the nearest cent.

• A) \(\$ 1,917.58\)
• B) \(\$ 1,804.46\)
• C) \(\$ 1,907.37\)
• D) \(\$ 1,404.46\)
• E) \(\$ 8,278.18\)

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