Register
ALGEBRA 2 - Exponential and Logarithmic Functions April invests $500 in an account that is compounded continuously at an annual interest rate of 5%. Approximately how many years will it take for April’s
102k views
3 votes
ALGEBRA 2 - Exponential and Logarithmic Functions

April invests $500 in an account that is compounded continuously at an annual interest rate of 5%. Approximately how many years will it take for April’s money to double?

User David Weiss
by
8.0k points

1 Answer

4 votes

Answer:

It will take approximately 14.2 years for April’s money to double.

Explanation:

User Kelly Bennett
by
8.8k 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

How do you can you solve this problem 37 + y = 87; y =
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
Link Copied!