Daniel is deciding between a compound interest account with a 3% annual rate, compounded quarterly, and a continuously compounded interest account at 2.75% annually for his $10,000 savings for 5 years. Which account will have a higher balance after 5 years? Compound Interest Formula: A=P(1+(r)/(n))^nt Continuously Compounded Interest Formula: A=Pe^rt The value of e , also known as Euler's number, is approximately 2.71828