10
QuizMultiple Choice

Types of Compound Interest — Quiz

Question 10 • Financial Math

Zendaya deposits $4,125 in a bank offering an annual interest rate of 2.35% If the interest is compounded continuously and Zendaya keeps the money in the bank for 1 year, how much will Zendaya have at the end of the period? A=P⁢e^r⁢t

Answer
A
$4,134.71
B
$43,252.98
C
$4,223.09
D
$5,217.75