Wednesday
March 29, 2017

Post a New Question

Posted by on .

If $ 2500 is invested in an account that pays interest compounded continuously, how long will it take to grow to $ 5000 at 3%? Round to the nearest tenth

  • Math - ,

    5000=2500*1.03^t
    1.03^t=2
    t=ln2/ln1.03=23.4

Answer This Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Post a New Question