The future value that accrues when $200 is invested at 7%, compounded continuously, is , where t is the number of years. At what rate is the money in this account growing when t = 7? Round your answer to the nearest cent.
A) $1.63 per year
B) $326.46 per year
C) $15.02 per year
D) $2.15 per year
E) $22.85 per year

Question

The future value that accrues when $200 is invested at 7%, compounded continuously, is  , where t is the number of years. At what rate is the money in this account growing when t = 7? Round your answer to the nearest cent.
A) $1.63 per year 
B) $326.46 per year 
C) $15.02 per year 
D) $2.15 per year 
E) $22.85 per year

Quizplus · Accepted Answer

The Answer of The future value that accrues when $200 is invested at 7%, compounded continuously, is  , where t is the number of years. At what rate is the money in this account growing when t = 7? Round your answer to the nearest cent.
A) $1.63 per year 
B) $326.46 per year 
C) $15.02 per year 
D) $2.15 per year 
E) $22.85 per year

The Future Value That Accrues When $200 Is Invested at 7