Answer:
$283. 81
Step-by-step explanation:
Start with P = 200.00 dollars.
If the interest is compounded continuously, then after t = 7 years the at the rate r = 5% = .05, the total amount of money in the account will be A.
[tex]A= P e^{r*t}[/tex]
[tex]A = 200*e^{.05*7}[/tex]
A = 283.8135097
A ≈ $283. 81
