How long will it take for $2800 to grow to $24,900 at an interest rate of 5.6% if the interest is compounded continuously? round the number of years to the nearest hundredth?

How long will it take for $2800 to grow to $24,900 at an interest rate of 5.6% if the interest is compounded continuously? round the number of years to the nearest hundredth?

asked May 17, 2018 99.3k views

1 Answer

← Prev Question Next Question →

Related questions

asked Apr 12, 2024 93.6k views

You deposit $3000 in an account that earns 4% annual interest compounded continuously. Find the balance of your account after 7 years. Your friend deposits $2800 in an account that earns 5.2% annual interest

Macno asked Apr 12, 2024

by Macno

8.8k points

1 answer

5 votes

93.6k views

asked Nov 9, 2024 187k views

How much money needs to be deposited in an account to obtain $3400 in 6 years if the interest rate is 5% per year compounded continuously? A. $2500 B. $3000 C. $3200 D. $2800

Nikolovski asked Nov 9, 2024

7.8k points

1 answer

1 vote

187k views

asked Apr 28, 2020 89.2k views

you invest $2800 in an account that pays an interest of 5.5%, compounded continuously. calculate the balance of your account after 12 years. round answer to the nearest hundredth. LAST QUESTION AND I NEED

Raviabhiram asked Apr 28, 2020

8.7k points

2 answers

2 votes

89.2k views

Search Qammunity.org