You place a sum of $600 in a savings account at 4% per annum compounded continuously. When will the balance reach $800?
A) in 7.23 years
B) in 5.99 years
C) in 15.59 years
D) in 7.19 years
E) in 4.6 years

Question

Quizplus · Accepted Answer

The Answer of You place a sum of $600 in a savings account at 4% per annum compounded continuously. When will the balance reach $800?
A) in 7.23 years
B) in 5.99 years
C) in 15.59 years
D) in 7.19 years
E) in 4.6 years

You Place a Sum of $600 in a Savings Account