KorenP582823 KorenP582823

30-10-2022
Mathematics

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If you were to place $2,500 in a savings account that pays 3% interestcompounded continuously, how much money will you have after 5 years?Assume you make no other deposits or withdrawals.A. $2,515.00B. $2,904.59C. $431,078.73D. $2,898.19SUBMIT

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KeylerV491933 KeylerV491933

30-10-2022

Ok, here we have the following:

[tex]Total=2500e^{0.03\cdot5}\approx2904.59[/tex]

So, finally we get that the correct option is B. $2,904.59

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