Complete the Table for a Savings Account in Which Interest

question 45

Multiple Choice

Complete the table for a savings account in which interest is compounded continuously. $$\begin{array} { | c | c | c | c | } \hline \text { Initial investment } & \text { Annual \% rate } & \text { Time to double } & \text { Amount after 10 years } \\\hline { \$ 750 } & ....& 9 \frac { 3 } { 4 } y r &.... \\\hline\end{array}$$
(Round the answer up to two decimal places. )

• A)Annual rate: \(7.11 \%\) Amount after 10 years: \(\$ 1527.02\)
• B)Annual rate: \(11.11 \%\) Amount after 10 years: \(\$ 1527.02\)
• C)Annual rate: \(7.11 \%\) Amount after 10 years: \(\$ 1027.02\)
• D)Annual rate: \(7.11 \%\) Amount after 10 years: \(\text { \$2027.02 }\)
• E)Annual rate: \(9.11 \%\) Amount after 10 years: \(\$ 1527.02\)

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