If $18000 Is Invested at an Interest Rate of 4

question 207

Multiple Choice

If $18000 is invested at an interest rate of 4.5% compounded continuously what is the amount of the investment after 10 years? Rounded to the nearest hundredth.

• A) $38626.59
• B) $38040.78
• C) $38681.90
• D) $18000
• E) $18828.50

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Definitions:

Living Organism

A living organism is an individual entity that exhibits the characteristics of life, such as growth, reproduction, responsiveness to stimuli, and metabolism, encompassing entities from single-celled bacteria to complex multicellular humans.

Reinforcer

In psychology, a stimulus that increases the likelihood of a particular behavior being repeated.

Reinforcer

An element or event that increases the likelihood of a behavior being repeated.

Planned Activity

An organized, intended action or set of actions developed in advance.