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Thor invests $750 in an account, with interest compounded continuously. If his investment doubles in value after 9 years, how much money will he have after 12 years?
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Thor invests $750 in an account, with interest compounded continuously. If his investment doubles in value after 9 years, how much money will he have after 12 years?

User Roshane
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2 Answers

2 votes
I think the answer would be somewhere around $1999.9995 because but im not good with interest rates but 9 and 12 have a common denominator of 3 then I divided by 100 to get .3 and times 1500 to get 499.9995 then added that to 1500.
User Nthalk
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5 votes
9,000  that will be you answer or if is double will be 18,000
User Chenequa
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8.2k points
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