ECONOMICS (CBSE/UGC NET)

ECONOMICS

COMPOUND INTEREST

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Abhasra invests $8, 911 in a retirement account with a fixed annual interest rate of 7.71% compounded continuously. What will the account balance be after 20 years?
A
$41, 649.38
B
$51, 649.38
C
$61, 649.38
D
$71, 649.38
Explanation: 
There is 1 question to complete.