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OpenStudy (anonymous):
If you deposit $750 in an account that pays 8% annual interest compounded continuously, what will the balance be after five years?
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OpenStudy (anonymous):
\[\text{balance}=\text{(primary deposit)}e^{\text{(interest rate)}\text{(time)}}\]
OpenStudy (anonymous):
Find \(y\): \[y=750e^{.08\times5}\]
OpenStudy (anonymous):
answer choices are? A. $1,118.87 B. $1,832.06 C. $29,803.91 D. $1,277.16
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