Jane plans to invest $500 at 8.25% interest, compounded continuously. after 14 years, how much money has she accumulated? has her money doubled or tripled?

Principal amount = P = $500
Time = t = 14 years
Interest rate = r = 8.25% = 0.0825
Amount accumulated = A

Using the formula of compound interest:



Substituting the values, we get:



Thus the amount accumulated after 14 years will be $1587.01. Compared to the original amount of $500, this amount is tripled. 

Answer might be d.i think

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