2
QuizMultiple Choice

Types of Compound Interest — Quiz

Question 2 • Mathematics for Data and Financial Literacy

Marilyn deposits $1,755 in a bank offering an annual interest rate of 5.68% If the interest is compounded continuously and Marilyn keeps the money in the bank for 4 years, how much will Marilyn have at the end of the period? A=P⁢e^r⁢t

Answer
A
$1,795.33
B
$2,202.67
C
$17,021.36
D
$1,758.99
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