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2.
Suppose you invest $950 at an annual interest rate of 6.5% compounded continuously. How much will you have in the account after 10 years? Round the solution to the nearest dollar.

A. $1731

B. $1913

C. $1724

D. $1820

Respuesta :

moon9523
The correct answer is $ 1820. The formula for continuously compounded interest is A = Pe ^ (rt), where P is the amount of principal, r is the interest rate expressed as a decimal number, and t is the number of years. Using our information, we have: A = 950 * e ^ (0.065 * 10) = 1819.76 z 1820
lalamcg115

Answer:

D. $1820

Step-by-step explanation:

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