A principal amount of $830 is placed in a savings account with an annual interest rate of 3.72% compounded continuously. What is the total account balance after 23 years? $1,950.23 $1,952.81 $1,120.23 $1,122.81
A principal amount of $830 is placed in a savings account with an annual interest rate of 3.72% compounded continuously. What is the total account balance after 23 years? $1,950.23 $1,952.81 $1,120.23 $1,122.81
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 35PT
Related questions
Question
A principal amount of $830 is placed in a savings account with an annual interest rate of 3.72% compounded continuously. What is the total account balance after 23 years?
$1,950.23
$1,952.81
$1,120.23
$1,122.81
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