Register
Mary invested $42,000 bonus in an account earing 7.2%annual interest that is compounded continuously. How long in years, will it take the account to tripe in value?
147k views
5 votes
Mary invested $42,000 bonus in an account earing 7.2%annual interest that is compounded continuously. How long in years, will it take the account to tripe in value?

User BrightIntelDusk
by
8.0k points

1 Answer

2 votes
about 14 years because she would earn $3024 yearly and 3024 multiplied by 14 equals 42336

hope this helps! :)
User ChAmi
by
8.3k points
← Prev Question Next Question →

Related questions

User Sergey Vlasov
asked Mar 2, 2024 98.4k views
How much do i invest at 2%annual interest for 5years if I want $5000 at the end?
Sergey Vlasov asked Mar 2, 2024
by Sergey Vlasov
7.3k points
1 answer
0 votes
98.4k views
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 is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
A dealer sells a certain type of chair and a table for $40. He also sells the same sort of table and a desk for $83 or a chair and a desk for $77. Find the price of a chair, table, and of a desk.
Link Copied!