How many years will it take $1,000 to grow to $1,900 if it is invested at 3.50% compounded continuously? ... years (Round to two decimal places.)

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 4PT: An investment account was opened with aninitial deposit of 9,600 and earns 7.4 interest,compounded...
icon
Related questions
Question
Please solve
How many years will it take $1,000 to grow to $1,900 if it is invested at 3.50% compounded continuously?
....
years (Round to two decimal places.)
Transcribed Image Text:How many years will it take $1,000 to grow to $1,900 if it is invested at 3.50% compounded continuously? .... years (Round to two decimal places.)
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer