If $ 5000 is invested at 5.25% compounded continuously, what is the amount in the account after 10 years? Select one: O A. $7420.65 O B. $ 8442.52 O C. $8452.29 O D. $7625.00

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 4PT: An investment account was opened with aninitial deposit of 9,600 and earns 7.4 interest,compounded...
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What is the answer and the procedure for this problem and did I select the correct option? This is a multiple question and selected (A), but I am just not sure if I am right

If $ 5000 is invested at 5.25% compounded continuously, what is the
amount in the account after 10 years?
Select one:
O A. $7420.65
O B. $ 8442.52
O C. $8452.29
O D. $ 7625.00
Transcribed Image Text:If $ 5000 is invested at 5.25% compounded continuously, what is the amount in the account after 10 years? Select one: O A. $7420.65 O B. $ 8442.52 O C. $8452.29 O D. $ 7625.00
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