A principal of $900 is deposited into an account with an ann...

Question Analysis
This problem assesses the application of the continuously compounded interest formula to solve real-world financial problems.

Key Concept Explanation
The continuously compounded interest formula is given by , where:
is the amount of money in the account at time ,
is the principal,
is the annual interest rate (as a decimal),
is the time in years.

Step-by-step Solution
1. Identify the parameters: , , .
2. Substitute the parameters into the formula:

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Algebra-2

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