# math

So I think I have got these down I just really want to double check the answers to these two word questions. Thanks

How long will it take for \$9500 to grow to \$36,300 at an interest rate of 12.4% if the interest is compounded continuously? Round the number of years to the nearest hundredth.

How long must \$4000 be in a bank at 6% compounded annually to become \$6757.92? (Round to the nearest year.)

1. 👍 0
2. 👎 0
3. 👁 75
asked by allison
1. What did you get?

1. 👍 0
2. 👎 0
posted by MathMate
2. 10.81 yrs for the first question

9 yrs for the second

1. 👍 0
2. 👎 0
posted by allison
3. Both answers are correct. Good work!

1. 👍 0
2. 👎 0
posted by MathMate

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