Register
"sarah wants to invest $7200 into an investment account earning of 2.78% interest per year compounded continuously. how long, to the nearest tenth of a year, will it take for her account to grow to $15,
121k views
3 votes
"sarah wants to invest $7200 into an investment account earning of 2.78% interest per year compounded continuously. how long, to the nearest tenth of a year, will it take for her account to grow to $15,000"

User Graycrow
by
9.1k points

1 Answer

2 votes
It would take Sarah 30 years to reach $15,000 with starting investment of $7,200 earning 2.78% interest per year compounded continuously.
User Cosmin Onea
by
8.1k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Other Questions

What can turn igneous rock into sediment?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
What is the best way to describe a stock market?
The government has decided that the free market price of cheese is too low. Farmers complain that the price floor has reduced their total revenue.Is this possible? Explain
Identify the advantages and disadvantages of a command economy.
Link Copied!