Calculate the amount earned by a principal

Reference no: EM1316982

Question: $1000 is invested at 5% continuous annual interest. This means the value of the investment will grow exponentially; with k equaling the decimal rate of interest. Compute the value of the investment be after seven and half years?

[A] $1,454.99

[B] $1,375.0

[C] $375.00

[D] $454.99

Reference no: EM1316982

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