If money is invested in an account earning 3.15% annual interest that is compounded continuously, how long will it take the amount to double? Round your answer to the nearest tenth.

Q: A population of kangaroos is growing at a rate of 2% per year, compounded continuously. If the…

A: Given, growing rate (r)=2% = 2/100 = 0.02 This rate got increased to 150% The formula for…

Q: Kylie invested $290 in an account paying an interest rate of 2.5% compounded continuously. Assuming…

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Q: If $5000 is invested at 8% compounded continuously, what is the amount after 3 years? The amount…

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Q: Consider an investment where $47,000 is invested for 15 years at 6% compounded continuously. How…

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Q: Recently, a certain bank offered a 5-year CD that earns 2.45% compounded continuously. Use the given…

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Q: How long, to the nearest year, will it take an investment to double if it is continuously compounded…

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Q: how long (in years) would $700 have to be invested at 11.6%, compounded continuously to earn $400…

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Q: Suppose $40,000 is invested in an account that returns 9% per year compounded continuously. (Round…

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Q: How long will it take for an investment to double in value if it earns 33​% compounded​…

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Q: How long (in years) will it take a $200 investment to be worth $300 if it is continuously compounded…

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Q: If $900 is deposited in an account paying 9 % annual interest, compounded continuously, how long…

A: We can find the time as below.

Q: How long (in years) would $200 have to be invested at 6%, compounded continuously, to amount to…

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Q: An account now contains $3,670 and has been accumulating interest at 5% annual interest, compounded…

A: We have to find the amount in the account 5 years ago.

Q: How long, to the nearest year, will it take an investment to double if it is continuously compounded…

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Q: How long does it take for $1800 to double if it is invested at 9.5%compounded continuously? Round…

A: Use formula of compounded continuously

Q: how long (in  years) would $500 have to invest at 8%, compounded continuously, to amount to $925?(…

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Q: Find the present value of $57,000 due 15 years later at 8%, compounded continuously.

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Q: Mary invested her $42, 000 bonus in an account earning 7.2% annual interest that is compounded…

A: We know that formula for compound interest is Given:  A=3×Principal balance = $126000 P=$42,000;…

Q: How long will it take for $1,000 to be worth $2,500 at 5% interest, if compounded continuously?…

A: Given:  P=$1000A=$2500r=5%=0.05

Q: How long (in years) would $200 have to be invested at 9%, compounded continuously, to amount to…

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Q: Suppose that you invest $3,000 at 4% interest compounded continuously. How much money will be in…

A: The principal amount is, P = $3000 The rate of interest, r = 4% = 0.04 Time, t = 9 years To…

Q: How long will it take for the value of an account to be $890 if $350 is deposited at 11% interest…

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Q: How long, to the nearest year, will It take an Investment to double if it is continuously compounded…

A: An investment P compounded continuously at a rate of interest of r % per year for t years…

Q: What is the compound interest if $48,000 is invested for 5 years at 8% compounded continuously?…

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Q: How long (in years) will it take a $200 investment to be worth $900 if it is continuously compounded…

A: We need to find time when $200 will be worth $900.

Q: How long will it take for $8400 to grow to $14,600 at an interest rate of 9.4% if the interest is…

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Q: Suppose an investment of $29,000 is invested at an annual rate of 6.9%, compounded continuously.…

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Q: If $500 is deposited in an account paying 8.3% annual interest, compounded continuously, how long…

A: We know that, the formula for continuous compounding is given by A=Pert            ⋯⋯1 Where, P =…

Q: suppose $5000 is invested in an account at an annual interest rate of 3.7% compounded continuously.…

A: To determine the taken by an investment of $ 5000 to double.

Q: How long will it take $7,000 to double if it is invested at an annual rate of 6% compounded…

A: To find the time to double initial amount of $ 7000

Q: How long will it take for $1, 000 to be worth $2, 500 at 9 % interest, compounded continuously?…

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Q: How long (in years) would $600 have to be invested at 11.7%, compounded continuously, to earn $400…

A: Given,  Initial amount= P= 600  Interest amount= 400 So, final amount= A= 600+400=1000 Interest…

Q: Evan is going to invest in an account paying an interest rate of 6.1% compounded continuously. How…

A: Evan is going to invest in an account paying an interest rate of 6.1% compounded continuously. How…

Q: If 3000 dollars is invested in a bank account at an interest rate of 4 per cent per year, compounded…

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Q: Suppose an investment of $29,000 is invested at an annual rate of 5.5%, compounded continuously.…

A: Given: The investment is $29,000. The annual rate is 5.5%, compounded continuously. The objective is…

Q: Brianna is going to invest in an account paying an interest rate of 5.2% compounded continuously.…

A: Given data :-  Rate(r) = 5.2% = 5.2/100                = 0.052 P= Principal price  Find :- Principal…

Q: You are investing money in an account earning 7.5% annual interest, compounded continuously. How…

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Q: Find the present value of $45000 due 15 years later at 7.8%, compounded continuously. 24

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Q: A speed boat bought for $13,000 depreciates at 10% per annum compounded continuously. What is its…

A: A=PertP is the amount investedA is the amount after t yearsr is the rate

Q: If 10,200 accumulates interest at an annual rate of 9% , compounded continuously, how much will be…

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Q: If ​$7000 is invested at 5​% compounded​ continuously, what is the amount after 7 ​years? round…

A: Given, Initial amount=$7000 Rate of interest=5%=0.05 Period=7years

Q: would

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Q: What is the compound interest if $46,000 is invested for 10 years at 8% compounded continuously?…

A: Amount in continuous compound interest: where,

Q: If 2000 dollars is invested in a bank account at an interest rate of 9 per cent per year, compounded…

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Q: How long would it take $8,000 to grow to $32,000 at 6​% compounded​ continuously? Round your answer…

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Q: How long (in years) would $200 have to be invested at 9%, compounded continuously, to amount to…

A: Future Value(FV) is the anticipated value of any Current Amount in the future time period. It is…

Q: If $10,500 accumulates interest at an annual rate of 8%, compounded continuously, how much will be…

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Q: Kinsey has invested $28,000 into an account that pays 9% compounded continuously. How long will it…

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Q: Suppose that you invest $8,000 at 8% interest compounded continuously. How much money will be in…

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