Ask a New Question
Search
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
1 answer
5000=2500*1.03^t
1.03^t=2
t=ln2/ln1.03=23.4
Similar Questions
If $ 2500 is invested in an account that pays interest compounded continuously, how long will it take to grow to $ 7500 at 8%?
1 answer
$2500 is invested in an account that pays 12% interest, compounded continuously. Find the time required for the amount to
1 answer
$2500 is invested in an account that pays 12% interest, compounded continuously. Find the time required for the amount to triple
1 answer
Uninhibited Growth Model. This is an example problem from the book and need help figuring it out?
a) If $3500 is invested in an
2 answers
more similar questions