Eight years ago, $2000 was deposited in a savings account paying 3% interest compounded continuously. Three years ago, $500 was withdrawn from the account. What is the current value of the account?
A) $4319.08
B) $2042.50
C) $3964.93
D) $1995.41

Question

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The Answer of Eight years ago, $2000 was deposited in a savings account paying 3% interest compounded continuously. Three years ago, $500 was withdrawn from the account. What is the current value of the account?
A) $4319.08
B) $2042.50
C) $3964.93
D) $1995.41

Eight Years Ago, $2000 Was Deposited in a Savings Account