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31 March, 10:29

If you deposit $900 in an account that pays 5% annual interest compounded continuously, what will the balance be after seven years?

A. $1,832.06

B. $1,277.16

C. $932.06

D. $29,803.91 ... ?

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Answers (2)
  1. 31 March, 12:33
    0
    The right answer is B option. This is too close to my calculations.
  2. 31 March, 13:29
    0
    The answer is B. $1,277.16
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