Provide an appropriate response.The compound amount when an investment is compounded continuously is expressed by the formula A = Peni, where A is the compound amount, n is the number of years, and i is the interest rate per year. Find the compound amount of an investment of $200 at an interest rate of 4% for 5 years if it is compounded continuously.

A. $144.52
B. $244.28
C. $24.00
D. $1,477.81


Answer: B

Mathematics

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