Complete the Table for a Savings Account in Which Interest

question 9

Multiple Choice

Complete the table for a savings account in which interest is compounded continuously. $$\begin{array} { | c | c | c | c | } \hline \text { Initial investment } & \text { Annual rate } & \text { Time to double } & \text { Amount after 10 years } \\\hline \ldots& 6.93 \% & \ldots & \$ 3999.41 \\\hline\end{array}$$

• A)Initial investment: \(\$ 2,000\) Time to double: 10 yr
• B)Initial investment: \(\$ 1,950\) Time to double: 10 yr
• C)Initial investment: \(\$ 2,200\) Time to double: 10 yr
• D)Initial investment: \(\$ 2,050\) Time to double: 10 yr
• E)Initial investment: \(\$ 2,100\) Time to double: 10 yr

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