you invested 1,000 in an account with interest rate at 2% compounded continuously. how long until 1400 is in your account?

asked Apr 11, 2022 213k views

25 votes

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8 votes

Answer:20 months

Explanation:

2% of 1000 is 20 1000-1400=400

400/20=20 so 20 months

Jomahony answered Apr 15, 2022

4.2k points

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