Complete the Table for a Savings Account in Which Interest

question 19

Multiple Choice

Complete the table for a savings account in which interest is compounded continuously. $$\begin{array} { | c | c | c | c | } \hline \text { Initial investment } & \text { Annual } \% \text { rate } & \text { Time to double } & \text { Amount after 10 years } \\\hline { \$ 500 } & 9 \frac { 1 } { 2 } \% & ....& .....\\\\\hline\end{array}$$
(Round the answer up to two decimal places. )

• A)Time to double: \(7.30 y r\) Amount after 10 years: \(\$ 1292.85\)
• B)Time to double: \(7.30 y r\) Amount after 10 years: \(\$ 1542.85\)
• C)Time to double: \(2.30 y r\) Amount after 10 years: \(\$ 1292.85\)
• D)Time to double: \(7.30 y r\) Amount after 10 years: \(\$ 1792.85\)
• E)Time to double: \(12.30 \mathrm { yr }\) Amount after 10 years: \(\$ 1292.85\)

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Definitions:

Agitation

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Potential Confound

A variable that might falsely make one believe that a causal relationship exists between two other variables.

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A condition or state in which an individual is suffering from a severe and life-threatening health problem.

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